Re: For the good of Ontario - Mynot
in response to
by
posted on
Mar 16, 2010 11:48PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
From that blog link that you posted...
"Hillier said high provincial power prices because of the Green Energy Act have contributed to the closing of the copper smelter in Timmins and ensured that ore dug in Ontario will be processed in other jurisdictions.
"This Liberal government is a standing contradiction. This government has done its best to destroy mining in this province to appease their environmental friends."
Now, first off, I have heard a long time ago that there was sufficient power to supply the development in Northern Ontario. That came from someone on this forum and was well explained... having said that, I actually had a meeting last week in which a vice president spoke at regarding where our litte Manitoba Hydro was headed... WEST!!! Apparently, Saskatchewan is in talks right now to get a better grid set up with Manitoba. I asked if there were any talks with Ontario and he thought for a second and replied that since the "botched attempt to start up Conowapa" which was supposed to supply Northern Ontario around 7ish years ago, there were NO TALKS happening at the present time...
In other words, it's not looking like it's coming from Manitoba, where we have LOTS of "green power". There is currently one dam under construction, another one almost ready to go and Conowapa is scheduled to begin construction around 2020, if my memory serves me correctly... So, if Ontario were to come forward with some hard and fast contracts that couldn't be backed out of, I suppose Manitoba would consider it again, but there is a bit of bad blood there, at least from Senior Management's comments.
Manitoba can supply lots of power in the not too distant future to quite a few directions if this new HVDC line ever gets figured out where it's going... It's hard to route a line when some of the locals are calling for 20 or 30% of the revenues to cross their land... That's what I "heard", not read in any official news story, so take it with a grain of salt. Fact of the matter is, though, that there was a quick kybosh put on going down the east side of Lake Winnipeg due to the locals... take it for what it's worth. So,
It would be a lot easier to send a 230 kv line down that route from Northern Manitoba kinda along the Hudson's Bay (almost right through McFaulds Lake, from the map I saw a long time ago) to serve Northern Ontario. A little spur line into the "new mining camp" would not be out of this world costly, just a little tap off structure with some switch gear that could be opened in an emergency... we're not talking hundreds of millions here.
That's about all that I have heard from my end. Like I said, some hard and fast contracts would trump any bad will in a couple of heartbeats... all depends on Ontario's "needs"...
God Bless all Noront Investors.
Herb