Bits and peices
posted on
Oct 24, 2013 09:04AM
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)
With repect to all posters.
- Some have commented about Bob Rae getting paid. I am sure I read that he is working for free although his expenses might be high.
- Talk on the new hydro line to Pickle Lake have been under discussion for at least six years and the announcement on it's construction was made almost 2 years ago so I don't think that line had anything to do with the recent runup to 40 cents. For the most part this new line will stay close to existing highways. Access roads are not necessary to build hydro lines. This new line will be owned by the Natives, as will phase 2 to Webequie, strangely very little is said about concerns for the enviroment.
- New asphalt on the highway from Sioux Lookout to Pickle was completed about 1 month ago. I don't read anything into this other then regular upgrades. The work on it started last year.
When will someone announce a new road to the ROF? I have no clue. I do expect it will come prior to the next Provincial election which is currently set for October of 2015. However with a minority government that date could change. Before the road announcement is made I expect the Natives will all be on board as to it's location and getting them on board is likely the reason for the hold up. To not have that in place is risky. Four years ago the government annouced they were going to 4 lane the Trans Canada Highway from west of Kenora to the Manitoba border. Since then it has been in limbo because the Shoal Lake Band is objecting even though only a couple of hundred yards are required and it does not go onto any reserve land. The MP now says he hopes construction can start by 2015.
There is work proposed and ongoing on several ice roads, mainly they are changeing some of the water crossings and going on the land instead. This is because with climate change the ice roads are not lasting as long as they once did.
Protectionist groups like the Wildlands League are also a major stumbling block to road construction. They always use Caribou habitat as the reason to not open the north. The biggest risk to Caribou when a road is built is the Natives will have access and will shoot the Caribou. A group called Ontario Nature is proposing using the boreal forest as a place to harvest natural growing foods and medicines as opposed to timber and mining. Groups like these have the ear of the government and are also part of the reason for delays in infrastructure announcements. These groups work closely with the Natives and the Natives play along until they get what they want.
Things will happen in the ring but I am 70 and not sure it will happen in my lifetime. I will however hold all my shares for my children and grandchildren.