This beaten down attitude due to delays of getting it right might explain the current SP....

==========================================

You can sign in and get the report for free by clicking on the 'report' link.......

p22

Metal Ore Mining

metal ore mining will shine bright over the next five years, as several

mining projects progress to the production phase and mining output will

grow well above the pace of national GDp growth. Beyond 2020, metal

ore mining growth will slow due to the reduction in investment caused by

weak commodity prices.

ontario will remain the leader among the provinces when it comes

to mining output. Even if its much-touted, chromite-rich “

ring of Fire” region does not get developed within our forecast horizon, production

from the province’s wealth of untapped gold, copper, and nickel reserves

will maintain its position as Canada’s most important metal producer

p51

"The outlook could receive a significant boost if unexpected progress is

made in the development of the province’s chromite-rich ring of Fire region.

 However, this seems unlikely, given several obstacles including

weak commodity prices, political disagreements, and disputes with

First nations. our outlook only includes one project in the ring of Fire

over the next 10 years, which is noront rsources’ Eagle’s nest nickel,

copper, platinum, and palladium deposit"