A determining factor with regards to the placement of the smelter appears to rest upon support from the various communities. My feeling is the ultimate way in which to show your support is through the purchase of the stock. So, I wonder, why these communities who want to host the smelter did/do not publicly announce their support for the ROF through the purchase of shares?
As a Sudbury resident, I have thrown my support behind Vale, Glencore, Walbridge, FNX, and First Nickel (the later did not turn out well). Regardless, part of my investment decision was the fact these are local mines and derserve the support of the residents here.
My largest support has been all things ROF, through the purchase of shares of NOT, FNC, BMK, KWG, SPQ, FWR, PRB, BOLD, and Cliffs. Some have reached their end game, while others are ongoing, with NOT and FNC being my largest holdings to this date.
I have bought into the notion that the project will reap huge benefits to all residents of Northern Ontario, regardless of where the smelter goes. However, I do wish some big names in Sudbury and other northern communities would publicly throw their support behind this development.
This is critical....if for only this reason....
THERE WILL NOT BE ANY DEVELOPMENT BY NORONT IF THEY CAN'T GET THE STOCK PRICE UP.
Now....I do understand there are various ways in which to fund a large project, such as this....by way of loans, selling royalties, offtake agreements, partnerships ect....however, when the whole of the company's market cap is hovering around $100 million, how do you move forward in any way, a project that will cost $billions to complete?
Let's see some real support