Cashin,

If you were invested in excellent undervalued junior mining companies back in 1999 and managed to stay the course through years of suffering without throwing in the towel...I applaud you.

Some fought that financial war and came out alive. Some didn't fight. Some didn't know there was a war.

We've had years of a commodity financial war.

Commodity prices beaten down. The good mining juniors have been beaten down. Many trading at ridiculous numbers. The best of the best juniors trading at Ultra-ridiculous market caps....much like the link described during another era.

The gov't is prepared to spend billions to make the ROF a reality and yet Noront, who has 85% of the land package trades at a laughable market cap.

And how about Fancamp, who has the closest property to Noront's eagles nest? When you go to Sedar you'll see that their market cap is well below their assets minus liabilities value.

There are some other good juniors in a similar boat.

But, when you see the massive worldwide infrastructure spending spree planned and you see the worldwide push for Electric vehicles and clean energy and not to forget all the DEFENSE spending planned..., you can see brighter horizons ahead.

When you look at the nace study done in the USA which I previously posted, showing that corrosion costs the USA 1 trillion dollars a year... you can start to see the bigger picture when thinking of what materials will be used to replace ageing infrastructure.

http://www.g2mtlabs.com/corrosion/cost-of-corrosion/

Incredible positioning, incredible accumulation, incredible consolidation has taken place over the years.  Not to forget the multitude of convenient Chapter 11 bankruptcies over the past years related to steel and ingredients for steel making.

Couple that with business expanding locally or planning to..all in the name of reducing costs due to "supply chain reasons", imposed higher tariffs on steel and its ingredients and carbon tax.

As a small example from today..

https://www.thestar.com/news/queenspark/2018/05/16/wynne-touts-benefits-of-corporate-subsidies-on-ontario-economy.html

Wynne is seen touring Mitsubishi Heavy industry in Mississauga, she's reminding them of the help given prior to June 7 elections.

The subsidiary of Japan’s Mitsubishi Heavy Industries, which received $4.9 million from the province, is investing $36.2 million here over five years to create 90 new jobs and maintain an existing 636 positions.

they are expected to be done.....in 2021.

Expanding what and why?

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from 2 years ago:  words..from the President of Mitsubish Heavy industries -Mississauga...notice Boeing.

“I want to revitalize aerospace manufacturing in Malton, once home to industry giants like Victory Aircraft, A.V. ROE Canada, McDonnell Douglas Canada and Boeing Toronto,” he said.

McCarthy’s immediate challenge is to bring on a new client and hopes to attract new business following a decision by Ottawa to replace its aging CF-18 Hornet jet fighters. McCarthy is confident the reputation of MHICA will put it in a prime spot to get a contract with the new airplane supplier.

With so much work shifting from Japan to Canada, MHICA is looking to soon double the size of its factory. McCarthy said he’ll need at least 35 acres. He is talking to government officials now to see how they can help.

“I would like to keep it right here in Malton,” he said.

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From Feb.22, 2018

https://www.thestar.com/news/canada/2018/02/22/boeing-approved-as-potential-bidder-to-replace-canadas-cf-18-fighter-jets.html

Boeing has been officially approved to participate in the multibillion-dollar competition to replace Canada’s CF-18 fighter jets..though the U.S. aerospace giant insists it still hasn’t decided whether it will actually bid.

Companies had been given until Feb. 9 to indicate whether they were interested in participating in the competition

But while Boeing will keep a seat at the table, company spokesperson Scott Day said in a statement that there is no guarantee it will submit a formal bid for its Super Hornets when the time comes.

“We will continue to evaluate our participation in the (fighter competition) as the government of Canada outlines the procurement approach, requirements and evaluation criteria,” Day said.

“We continue to believe that the Super Hornet is the low-risk, low-cost approach and has all the advanced capabilities the Royal Canadian Air Force needs now and well into the future.”

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Since Mitsubishi has a 40 year old relationship with Boeing, and we can guess "Canadian Content" will be a criteria in the decision of the award...perhaps Mitsubishi Heavy industries in Mississauga...can help Boeing.. push up that Canadian content.

The Ring of Fire has lots of goodies in the resource dept. to also  help push up that Canadian content .

https://www.defenseindustrydaily.com/canada-preparing-to-replace-its-cf-18-hornets-05739/

Canada Preparing to Replace its CF-18 Hornets, Announces new Competition

 

February 27/18: Government announces supplier list Canada has named five firms will be considered  to supply fighters to replace its fleet of CF-18s. Three European firms—Dassault, Saab, and Airbus—and two US—Boeing and Lockheed Martin—that have all made the official fighter jet supplier list, which allows them to receive information about plans to buy 88 jets and ultimately bid on the program, estimated to cost CA$19 billion (U.S. $15 billion).

The aircraft expected to be offered to Ottawa include Lockheed Martin’s F-35, Boeing’s Super Hornet, the Eurofighter Typhoon, the Dassault Rafale and Saab’s Gripen.