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Natural Resources committee  Certainly there are some things mitigating in our favour. Frankly, we participate in the increase in market prices for isotopes that has occurred. The shortage and the stress on the supply chain increased the prices. We derived a benefit from that in terms of the net back, or our

March 3rd, 2011Committee meeting

Hugh MacDiarmid

Natural Resources committee  We take that responsibility seriously. We intend to be a reliable supplier. We want to carry our weight as Canadians in the global scene. There are many forces at work and many of them are healthy. A better diversity of supply is coming. I think the world community woke up to the

March 3rd, 2011Committee meeting

Hugh MacDiarmid

Natural Resources committee  We only have one piece of the puzzle, which is to produce isotopes reliably, and right now we're meeting every isotope demand that we have.

March 3rd, 2011Committee meeting

Hugh MacDiarmid

Natural Resources committee  I think there are many, many perspectives on this situation, and it is indeed complex. I basically feel that, at this point, I take direction from the shareholder, in terms of how we approach these matters.

March 3rd, 2011Committee meeting

Hugh MacDiarmid

Natural Resources committee  That's correct.

March 3rd, 2011Committee meeting

Hugh MacDiarmid

Natural Resources committee  I think the minister is the right person to speak on those decisions.

March 3rd, 2011Committee meeting

Hugh MacDiarmid

Natural Resources committee  [Inaudible--Editor]

March 3rd, 2011Committee meeting

Hugh MacDiarmid

Natural Resources committee  We're going to get into rounding numbers here—

March 3rd, 2011Committee meeting

Hugh MacDiarmid

Natural Resources committee  —but basically the loss accumulation over the course of the three projects will be in the range of $400 million, plus or minus.

March 3rd, 2011Committee meeting

Hugh MacDiarmid

Natural Resources committee  I have to look over here to make sure I don't get myself in too much trouble.

March 3rd, 2011Committee meeting

Hugh MacDiarmid

Natural Resources committee  The original--and again, I use that as basically.... What I felt was important was that members did not assume that we lost $830 million on the projects. What we did is have a variance. Again, these are such large numbers—

March 3rd, 2011Committee meeting

Hugh MacDiarmid

Natural Resources committee  —and I'm not trying to suggest that it's okay, but it's a variance relative to a planned profit.

March 3rd, 2011Committee meeting

Hugh MacDiarmid

Natural Resources committee  The current time horizon of the Government of Canada is 2016.

March 3rd, 2011Committee meeting

Hugh MacDiarmid

Natural Resources committee  We certainly expect to continue to produce isotopes reliably for the marketplace. We don't control our marketing efforts; it's through our distributor. We have made it very clear that we have to re-earn our reputation as a reliable supplier before the volumes will return to where

March 3rd, 2011Committee meeting

Hugh MacDiarmid

Natural Resources committee  The $1 million a day is a number that is often used to represent New Brunswick's cost. I would not necessarily accept that without some challenge, but it's a matter for others.

March 3rd, 2011Committee meeting

Hugh MacDiarmid