Right now NOT volume is low, and any positive news has been scarce....
This is our current situation:
- Algoma Steel's CCAA process is scheduled to come to a close this month
- We just dodged a Section 232 bullet
- NAFTA is simmering on the burner
- Our FPF bidding war is being narrowed down by hexavalent chromium hysteria
- FPF will bring benefication to our chromite, usher in a new industry, & be the only one in North America.
- We have an election coming up where if the Liberals don't win we start a few steps back with the PCs
- Ontario's North needs employment, and so do the FN. The RoF will bring 5000 - 10000 + tax revenue
- The RoF will exceed the initial estimate of being worth only 60 billion
- The markets are becoming favourable for all metals
- Infrastructure talks on both sides of the US and Canadian border will soon create a commodity boom
- US national security issues are a hot topic, which means securing metals will be even hotter; especially chromite.
- Global nickel sulphide supplies are declining in the wake of an impending EV revolution; good for us.
- The Sudbury Basin is becoming more and more expensive to mine the deeper Glencore and Vale go.
- Our First Nations are onboard with change, and are willing to partner with big business
- Funding companies such as BlackRock, Ontario Teachers Pension Fund...are still looking to invest; PPP
- Noront is still drilling at McFaulds...with the prospect of Pinay being the next big claim; exciting
- Connecting the remote FN to the rest of Ontario is a must due to climate change, not just for mining.
- We have a puppet government who is slowly selling Canada's sovernty and wealth at a discount to those who are really in control of our country, which means they will tell when the sale will begin, and how much things will go for... :) .
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- Hope I didn't leave too much out...All in all there is a lot of upside to our share price from a fundamental perspective.
IMHO & Have a Nice Weekend,
TM
Ring of Fire
