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)

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Message: Trudeau's new income source

Spend,spend,spend...where will the revenues come from? If only there was a way FN could give back...

http://news.nationalpost.com/news/canada/canadian-politics/john-ivison-could-first-nations-spending-promises-mean-a-gst-hike

John Ivison: First Nations spending promises could worsen fiscal crunch

The Liberal platform promises incremental funding of $275 million for indigenous peoples next year, which will likely prove a fraction of what is required to fulfill all those promises (they are fortunate the $1 billion the Conservatives committed to native education remains ring-fenced in the fiscal framework).

At the same time, First Nations policy should be the litmus test for the Trudeau government in four years time. Canadians voted for change, and the living conditions of our aboriginal population is the area where change is most overdue. The Prime Minister has staked his reputation on ensuring that another generation of aboriginal Canadians is not lost.

Transformative change for First Nations is going to require more revenue and, during their years in opposition, the Liberals often mused on the source.

However, the operative words may be “at this stage.” This is a government that has a spending problem but thinks it has a revenue problem. Sooner, rather than later, it is going to have to find another source of cash flow, or the “new era of reconciliation” will turn into another false dawn.

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Dec 18, 2015 08:43AM
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