Re: cliffs out, kwg in...
in response to
by
posted on
Nov 21, 2013 09:04PM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
Ok, I'll try to stick to apples but I was more referring to "...Ont Gov't is not just going to let them shut the whole thing down. I would expect they have options that could be taken."
What options were you referring to? Were you meaning expropriating KWG's prior rights to surface rights?
Shut what whole thing down? Do you mean their supposed $3.3B investment?
Without KWG's approval to use the corridor, Cliffs could never complete their EA. Nor could they ever get financing for a mine and smelter. They were dreaming and now it has become a nightmare for Sudbury and Cliffs.
Cliffs may own ~+70% of BD, and they may control the BD deposit, however, the deposit is worthless without KWG's New Deal.
SPQ and KWG had a agreement with FRW to earn-in their respective 25%, then to 30%. Only Frank, Mac and Neil knew the fine details of that agreement until Cliffs was invited in.
I have to apologize, I don't follow you.
As it stands now, there will be no nickel or chromite mines without a rail link going in first. Period. Wait until that sinks in to those who sit down at the upcoming table.
An E/W heavy haul all season road into the Ring is not doable which means a seasonal road will not happen. Ontario and Canada will only pony up a portion of the investment when a real 50 year infrastructure plan is put forward. Even then, private financing will have to carry most of the project.
Forgive me if I competely misunderstand what you are saying.