Re: Ring of Fire in play - CTV
in response to
by
posted on
May 28, 2014 11:43PM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
Pete,
- Fine Prints: I should have put these in quotes, i.e. "fine prints", since there was no official announcement that has any footnotes (in fine prints). What I meant was people, including politicians who made the announcements, tend to remember the big sum ($1B) without paying attention to the details such as "in 10 years". This info is in the CBC report (Ref. one of Pickawinner posts, see quote below.
"Wynne has been promising to spend the money over 10 years to help build the much-needed transportation route to the remote area — roughly 500 kilometres northeast of Thunder Bay — even if the federal Conservatives don't help out."
I did not verify if the CBC reported this correctly or not, but I did not make this "10 years" up. You might like to do your own DD on this to be certain. Yes, a 10-year priod is too long, 5-years are probably at the limit, 3-4 years would be much better. But this is only my personal opinion.
- Announcements: If you go back to the announcements listed in your previous post you will see that Wynne was quoted for saying "a road corridor" while Gravelle said in his e-mail reply to you "infrastructure" which may include the RR, a must for transporting the chromite ore out. So, these "facts" would seem to be inconsistent themselves, and hence would create quite a bit of confusion.
- Note: In one of the CBC news, Andrea Horwath has promised some 60km major expansion of highways at a cost of $250M/yr and half of that is for Northern Ontario. How would one make out of this, $125M for 30km in Northern Ontario?
- My own interpretation and preference: Major transportation infrastructures are big-ticket items (Note: the short 401 extension leading to the new Windsor Detroit bridge will cost the Province $1B with $1B matching fund from the Feds). The example above shows that if elected officials really want to fast track the development of the RoF, then get on with it, spend some decent amount of money, e.g. at least some $200M/yr (or more) initially to kick start the projects, which should be well defined, e.g. E-W road as proposed by NOT, and or the alternate E-W road corridor in KWG map. The N-S service road and the initial work on the RR would follow with various partners including big brother (the Feds). In my opinion, some of the money slated/or promised for expanding highways, as indicated in the Lib and NDP announcements, could be saved for building the RoF infrastructure.
I am waiting for Hudak to come out with a third "announcement" to compare with the current two "commitments" by Wynne and Horwath.
Please note that I have no intention to promote any particular party, just trying to assess the merit of their "commitments" for the RoF.
Cheers
goldhunter