Thank you for posting the BW article on Ni prices, it is a must read but would be easily missed even by those who scour constantly for data.

I agree with your description of the background conditions, but would issue a major caveat on what to expect from Ontario. Ontario's only major fiscal initiative currently is the massive tax hike through the new HST. The insidious part of this tax is that it reaches way beyond the normal regressive nature of all sales taxes (proportionately greater on middle and lower income people) to now impose major new taxes on the capital represented by home construction.Quid pro quo zero, a capitaljack tax.

History has shown that Ontario has two programmed responses to raise public revenues:

1) Directly through taxes; and

2) Indirectly through taxes.

Ontario cannot afford to help the mining industry beyond what minor concessions it might get from the Feds pertaining to mining generally.

What will move the RoF ahead ultimately will be the attraction of another major to develop the base metals , which will most likely occur only on a JV basis. That is simply what we need to put the RoF into high gear. The CLF/FWR deal was an important start, but at our current market cap, a bootstrap development would be a protracted process involving many future uncertainties.

In speculative risk discounting, the monetary values need to double every 3 to 4 years, so someone who can get us there 4 years earlier is easily worth a 50% interest. Ontario is unlikely to be that party, although a 20 year tax holiday would put their money in a place that could really help get a major in place on a timely basis. The message is simple here, do not expect Ontario's support to be much more than a cheerleading exercise to eventually do what they already get piles of industry taxes for.