Fisheries committee  Yes, it would seem so.

Fisheries committee  That was the assumption we used for the study. It was $2.60. That's correct. It made a bunch of assumptions. It assumed an exchange rate, because the vast majority of this resource is exported to the U.S. It assumed power costs. It assumed a number of things. And one of the things it assumed was a price for salmon, which turned out to be accurate for the time, but not for today.

Fisheries committee  Would I?

Fisheries committee  Jay thinks he knows.

Fisheries committee  Chile for salmon.

Fisheries committee  We do. Salmon aquaculture is fairly new, whereas on the fisheries side, we have formal arrangements through NAFO that have been going on for many, many years. The aquaculture arrangements with different countries are just developing. We now have tripartite arrangements with Norway and Scotland, and we meet fairly regularly with them.

Fisheries committee  That's not salmon; it's aquaculture.

Fisheries committee  I'll ask Alistair to give you the specifics, but what I can say is that in terms of our economic analysis or feasibility study on closed containment, we found the two big costs that really make it quite different. One was that the original capital cost was enormous for the closed containment, and the other is that you have to be close to a power grid to keep the water temperature at a certain level for these gigantic tanks—and this takes an enormous amount of power.

Fisheries committee  It's smaller.

Fisheries committee  I don't know if they're closer to making it work than we are. You're talking about the Atlantic Sapphire project, which is currently developing a facility in Denmark capable of farming 1,000 metric tonnes of salmon on land at commercial scales, so we're told. We don't know that much about it.

Fisheries committee  As I understand it, I believe it's $7 million. We'll correct it if we're wrong.

Fisheries committee  I'll ask Dr. Parsons to answer.

Fisheries committee  I have two responses. I'll start and say that it's one of the issues. If you look at the literature on the challenges around closed containment and, specifically, the issue of density, one of the issues identified is what they call fish performance. What that really means is that these things are bumping into each other, and affects the quality of the fish and their skin.

Fisheries committee  That's called fin erosion. These are genuine issues in terms of animal welfare and the quality of the fish—not to say anything about the issue you've raised, which would obviously be the concomitant one, the social licence issue. The literature speaks to really broad sets of issues, two of which we've talked about already.

Fisheries committee  First of all, I'd add the caveat that this is why we need the demonstration projects to be able to test some of those things. In terms of the issue of reliability, I think the challenge with closed containment systems is that it only takes one thing to go wrong, because everything is artificial.