FedNor Aid to SSM Companies for Canadian Defense Program
posted on
Jul 30, 2019 08:56AM
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)
Personal Comment:
Looks like the US war machine is on the move, and with it comes the expectation that its neighbours, and global allies, will follow suit. If they do not then they risk being left to fight their own battles, without any aid from the United States. IMO, though, such a threat is usually dependant on what sort of interests the US has secured within said country. But, nevertheless, if a country decides not to entertain the wishes of the US it more often results in friction between the two; ex. NAFTA / NATO. Whether this friction is in the form of trade disputes, lack of communication, decreased foreign investment, humanitarian aid, lost commerce.....It is not wise to pick a fight with the US. In our case, we are the US sidekick with benefits...Yeah, they'll tolerate us Canadians. But only to get what they want....And us Canadians more often just do what we're told.
This article is a clear indication of what is coming, including what the US wants from Canada, and what they want us to do. So, like good little soldiers we are doing it. Satisfying this requested defensive BOOM they want across North America....But.... We also have our future EV revolution and infrastructure spending on the way...Triple wammie....Now, the question is, is Noront well positioned to profit quite nicely from all of this? My answer: YES. It would be very unlikely that what we have would just simply be passed up. Especially, while so many other mining projects in Canada are being approved. Projects, whose Indigenous and environmental concerns are similar, if not more alarming, than those in the Ring of Fire.
IMO, Canada has been gearing up to give the US what it needs for years. In fact, all this recent funding is saying that the US government, and other US private entities, have finally secured what they need. Now, its Canada's turn to make sure that all the final project approvals are given, all funding is dispersed, and all flow disruptions to the US are addressed. Eventhough it may look like things are not happening I firmly believe that Canada's US checklist is being ticked off one item at a time. Noront, being one of those items, just appears to be further down the list.
Our day is coming.
Quote:
"At the Sault Ste. Marie Economic Development Corporation (SSMEDC) office Monday, Sault MP Terry Sheehan announced $785,740 in FedNor funding for a three-year project, the money to be used in part by the corporation to hire a project manager and coordinator to provide technical support to companies in preparing their bids and certification efforts as they seek defence contracts.
“The Canadian defence industry is made up of over 660 firms that generate $10 billion in sales and contribute close to 60,000 jobs in Canada,” said Sheehan, pointing to Algoma Steel as a prime local example, the company recently awarded a contract to manufacture steel plates for new Royal Canadian Navy ships.
“(Today’s funding) will now help small and medium enterprises compete for this work,” Sheehan said."
TM.