I'll try to stay within the softwood lumber side of that. There's quite a spectrum, but I'm most familiar....
When we go into a stand of conifers and harvest that stand—and let's say it's pure conifer—about 25% of that stand is not of sufficient quality for dimensional lumber, so 25% of the harvest needs to find a home, as I mentioned, in terms of alternative processing, in pulp, paper, energy and other products.
Then, when we process that tree into lumber, about 45% of that lumber-quality tree is actually converted to lumber. The remainder—bark, sawdust and shavings—is between the round tree and a finished two-by-four. That 55% also then has to find a home to be processed into something of value. When we take that tree, we're dividing it into different areas that then need to generate economic viability for processing, so then that whole tree gets converted to value.
As we just mentioned, the softwood lumber duties and tariffs have wreaked havoc on the ability to actually make money on the two-by-four and then through, let's say, evolving global pulp and paper markets.
The reality in Ontario is that our assets are aged. We've not been able to continue to make money on the pulp and paper side of that equation. Then, there have been events like the global financial crisis and COVID that accelerated that evolution.
We are, today, in a situation. The sawmilling business in Ontario, in terms of assets, productivity and cost, is very good, but the softwood dispute is wiping out all of that. I can just speak for Kap Paper, but generally, in Ontario, our traditional way of processing those other portions has run its course, and we need to pivot out of those traditional products and into new products.