posted on
May 02, 2014 02:19PM
Exactly, Joe.
Please refer to my April 28 post to "Dutchman" re Ontario election timeline and post writ drop/election of the winner. The Not yet seen Deloitte report will/has already copied the Noront EA-FS plan, (with Noronts' full knowledge and cooperation.) This will be the plan the Feds have been asking Ontario for since last dec/13.
This ROF infrastructure $$ investment request will trigger the following : a) Fed matching funds via existing fed $$ administrative funding vehicles; b) RFC led NOT mine build financing of apprx $700M c) EW community roads toll payments in advance to trigger immediate start and guarantee the FS documented q4/14 start date for investment coming in and on time mine build start date; d) a to c will be ROF development -stage1. ROF -stage 2 would include KWG/nOT's chromite and r of way, a CR gas fuelled smelter; RR /port authority including existing NO railway ; an X2 as major ROF industry investor partner(s) with ON/ FEDs using the P3 funding template including FN ownership /revenue sharing in the P3 partnership.
IMO, or course.
Big win/win day for NOT and Ontario and federal conservatives.
Peter