posted on
Jan 18, 2012 07:54AM
HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
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)

Message: Cost?
From Cupcake's post:
Noront infrastructure $566 million
Noront mining $170 million
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Noront site total $734 million
Noront's share 4 off-site $104 million*
==============================================
Total to Noront $838 million
*(25% of the cost of an all-weather road, = $26 million
50% of the cost of a power line = $52 million
and 50% of the cost of a winter road = $51 million)
From Fed news release:
New INVESTMENTS of approximately $250 million, over the next five years.
Add $70 million for ? to above. (Probably management and procurement costs.)
A total of $320 million in funding for assets.
So distributing the 250 million over the following:
1.Rehabilitation of the Macdonald-Cartier Bridge. 30 million
2.Repairs to the Alexandra Bridge and Chaudiere Crossing. 35 million
3.Replacement of the controls and drives of the Burlington Lift Bridge in Hamilton. 35 million
4.Reconstruction of the Ontario Latchford Dam. 50 million
5.Reconstruction of the Des Allumettes Bridge located near Pembroke 50 million
6.Number of projects along the Alaska Highway in Northern B.C. 50 million
( Are they too high?)
The so called bridge in Pembroke is actually two bridges over the Ottawa River from Pembroke into Quebec province. First onto an island in the river and the second from island into Quebec. Depending on what "reconstruction" means it might be over 50 million. I am just guessing because have no practical experience of these matters and hope that someone reading these posts could shed some light on the guesses of costs.
('Rehabilitation' is a word that I have never heard used with construction projects.)
From above, I still think that is all folks because the total $ package is too small to include even a 10% cost of Ring's needs AND there surely must be some other, just as deserving, projects in Canada with little chance for us. Roads are a provincial matter and I think they will have to fund most of those costs. Exception being branch roads to individual company locations in the Ring. The individual companies will have to fund their own access.
So this is just bread crumbs to the needy and I do not see a loaf later on.
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