Massive Black Horse Chromite Discovery
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
Message: The Canadian Press - RoF Article
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Courtesy of Pickdawinner from the other board. Check out this link.
Some points worth noting plus some comments:
- MP Fedeli (Con) visited NOT camp and saw CLF camp (shared with NOT Esker I believe) packing up with the reamaining 6 people, the rest of the 85 have gone.
- Ontario was complaining about the lack of money (its own) for infrastructure. Finding money for the RoF is not that difficult.
Options:
(a) Former Premier has secretely promissed CLF matching fund of $600M and subsidy for electricity rate ($B?, this can be estimated by taking say $.03/kWh x power consumption of the electric arc furnace x number of years...to eternity?), use this $600M for RoF.
(b) Cancelling of the gas plants costs $1.1B...Somebody said: "Just don't do it again, ever". There you go $1B found money.
(c) Cut the sweetheart deal for solar and wind, since the rate Hydro is charging customers is something like $0.075 kWh (approx) while they have to pay some $0.70 - 0.80 for the pwer produced by solar and wind. This is a huge chunk of money, especially if the Province plans to pay until eternity. Green energy is good, but not at that price. The point is there has to be a limit or the Prov will go bankrupt...and guess who have to pay (hint: Taxpayers).
(d) NOT estimated cost for the EW road: $400M. Eventually, this would have to be built if the Prov and the Fed want to connect the isolated communities to Southern Ont. Not too bad a proposal, especially if it can be used to start the development of RoF. Can this be folded in the game plan of the Port Authority, or whatever the Prov calls the outfit (Note: If I were the Prov I would call it Port Authority so that the Feds would feel more responsible for the outfit and start with some seed money), the Prov and Feds can chip in a bit, say $200M and the rest by bonds. They can collect tolls (e.g. royalty from the ores to be shipped out, say 1-2% of the production, or install tool booths to collect nickels...but toonies would do) to pay for the road over the years.
goldhunter
liffs Natural Resources Inc. suspended its operations indefinitely, saying it couldn't keep spending money while the question of whether it would be able to build an all-weather road to the remote site remained in doubt.
Cliffs has gone from 85 people down to about six, whose sole job appears to be packing things up, said Progressive Conservative Vic Fedeli, who visited the Ring of Fire recently.
Noront Resources, which has the Eagle's Nest nickel-copper project, has about six workers there, down from over 100, he said.
But Noront is still in play and proposed an east-west route to transport nickel — the "low-hanging fruit" that could be mined as soon as this fall — as opposed to the north-south road Cliffs had advocated, he said.
"Start putting some scores up on the board while we look at the bigger more complex issue of chromite development and getting the chromite out," Fedeli said.
Noront estimates it could cost about $400 million to build a road from the Ring of Fire in the James Bay Lowlands to Webequie, then use an existing winter road to the town of Pickle Lake where it could access a railway.
Read more at http://www.stockhouse.com/companies/bullboard/v.kwg/kwg-resources-inc#1OPaV0F9UKEgqgtw.99
liffs Natural Resources Inc. suspended its operations indefinitely, saying it couldn't keep spending money while the question of whether it would be able to build an all-weather road to the remote site remained in doubt.
Cliffs has gone from 85 people down to about six, whose sole job appears to be packing things up, said Progressive Conservative Vic Fedeli, who visited the Ring of Fire recently.
Noront Resources, which has the Eagle's Nest nickel-copper project, has about six workers there, down from over 100, he said.
But Noront is still in play and proposed an east-west route to transport nickel — the "low-hanging fruit" that could be mined as soon as this fall — as opposed to the north-south road Cliffs had advocated, he said.
"Start putting some scores up on the board while we look at the bigger more complex issue of chromite development and getting the chromite out," Fedeli said.
Noront estimates it could cost about $400 million to build a road from the Ring of Fire in the James Bay Lowlands to Webequie, then use an existing winter road to the town of Pickle Lake where it could access a railway.
Read more at http://www.stockhouse.com/companies/bullboard/v.kwg/kwg-resources-inc#1OPaV0F9UKEgqgtw.99
liffs Natural Resources Inc. suspended its operations indefinitely, saying it couldn't keep spending money while the question of whether it would be able to build an all-weather road to the remote site remained in doubt.
Cliffs has gone from 85 people down to about six, whose sole job appears to be packing things up, said Progressive Conservative Vic Fedeli, who visited the Ring of Fire recently.
Noront Resources, which has the Eagle's Nest nickel-copper project, has about six workers there, down from over 100, he said.
But Noront is still in play and proposed an east-west route to transport nickel — the "low-hanging fruit" that could be mined as soon as this fall — as opposed to the north-south road Cliffs had advocated, he said.
"Start putting some scores up on the board while we look at the bigger more complex issue of chromite development and getting the chromite out," Fedeli said.
Noront estimates it could cost about $400 million to build a road from the Ring of Fire in the James Bay Lowlands to Webequie, then use an existing winter road to the town of Pickle Lake where it could access a railway.
Read more at http://www.stockhouse.com/companies/bullboard/v.kwg/kwg-resources-inc#1OPaV0F9UKEgqgtw.99
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