Can we learn from a missed opportunity?

The Australians purchased the surplus Bay-Class LSD(A) Largs Bay from the UK for $100M AUS dollars this month. News reports suggest the ship will be in service with the Royal Australian Navy in late 2011 or early 2012.

In Canada, after almost 20 years of process, we have no amphibious capability and have taken no action to build or buy such ships.

Largs Bay was a missed opportunity; perhaps we can learn from our mistakes?