HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
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)
Message: Globe article, Patrick Ryan
Where do I start with the Globe and Mail article .
How about the reminder of what the Globe wrote days before Teck invested in Diamond Fields.
Chapter twelve.
The Big Score.
"It's not investing, it's gambling pure and simple. You might as well roll the dice." written by Research Capital Corp. analyst Manford Mallory on buying Diamond Fields stock Globe and Mail , April 19, 1995
This ugly negative was written about Diamond Fields and was found in the Globe and Mail, April 19, 1995
After the derotagory comment from the Globe.,.it was days later that, Diamond Fields announced that Teck Corp., also of Vancouver, had bought a 10-per-cent stake in the company
"In April, Diamond Fields announced that Teck Corp., also of Vancouver, had bought a 10-per-cent stake in the company. That deal, valued at more than $108 million, is the best evidence yet that the company may have struck the “elephant” deposit that federal Natural Resources Minister Anne McLellan described to an international trade conference in Florida in March"
there was no feasiblity or engineering study back then...when teck bought 10% of Diamond Fields...and the comment about the elephant deposit(how did the Minister know about this elephant?" in march before Teck bought in...and the Globe article before the teck deal was announced (how slimy was that by the Globe? ).
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Ask yourself this question: Why is the Globe having an issue with the value of the Ring ...now? AFTER ALL THESE YEARS???
for instance look at this article from the Globe.
notice that 2 years ago ...the Globe had NO PROBLEM writing about the 60 million...
But suddenly now....it's a problem???? Two years ago...The Globe calls the ROF an unprecedented economic and Job opportunity for the North ...did the Globe forget they printed this?
"The Ring of Fire represents an unprecedented economic and jobs opportunity for the North. Unfortunately, since its discovery in 2007, it has not been a priority for the Liberals. They are only in the North now because we're a year out from an election," he said in a statement.
On Monday, Ontario Municipal Affairs Minister Bill Mauro said the Ring of Fire could be a national economic project in the same league as Alberta's oil sands. However, companies have faced significant development hurdles and abandoned plans in the area 540 kilometres northeast of Thunder Bay.
While it is estimated that the region could hold up to $60-billion in mineral deposits, Noront Resources, the largest remaining player, acquired its claims for only $20-million from Cliffs Natural Resources Inc. after that company pulled out in 2013.
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And this sentence below coming from the Globe and Mail (shame on them)
"Global demand for new sources of chromite, experts say, ranks between low and non-existent."
It's the same type of crap spewed by Patrick Ryan(shame on him too)
"Patrick Ryan, a mining consultant with Mining For Facts, who has followed the chromite market for four decades, says the world is awash in the commodity, with no need for any new product from the Ring of Fire, or anywhere else. It’s incomprehensible that this was ever a viable project, “ says Mr. Ryan. “No one in their right mind would put a dime into it.”...
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Patrick Ryan, followed the chromite market for 4 decades...and he comes up with the above...????Seriously??
Patrick Ryan attends ferro alloy conferences all over the world ..as an example he was at this one last month:
https://www.metalbulletin.com/events/north-american-ferroalloys/agenda.html
10:30am Chrome
Discussions will include:
- What do regional power restrictions mean for the future of production?
- Examining the extent of the overlap among producers of chrome and manganese in South Africa
- The anticipated effect of Glencore’s ferrochrome production cuts
Christopher Kavanagh, Non-ferrous editor, North America, Fastmarkets AMM
Ozzie Yilmaz, Director Of North American Sales, Polymetcore Trading US LLC
Patrick Ryan, Co-Editor, intherightvein.com
It's pathetic that Patrick Ryan, knows full well what REGIONAL POWER Restrictions will mean for future chrome production in South Africa...but makes no mention.
He was at the function with folks from Polymetcore and it's funny how "different" the views are from Polymetcore:
What are the three things that will have the biggest impact for the future?
Fastmarkets MB (MB): Good day Robert, thanks for agreeing to take part in this interview. Having been to many of our International Ferroalloys conferences, what makes this event stand out to you?
Robert Yildirim (RY): Good Day, it is my pleasure to meet you for this interview. I have been continuously attending your International Ferroalloys conferences since I bought ETI Krom in Turkey in 2004. This conference is an excellent event to meet all our global customers, competitors, solution partners, service providers and analysts, to exchange ideas and learn about all ferroalloys markets.
MB: What does protectionism mean for the chrome industry? What are the risks for chrome contained raw materials in global markets?
RY: Chrome ore is an abundant commodity in the world but protectionism can be a risk for the market, especially for the Chinese consumers. Though, I do not see any imminent risk today, this is a time-to-time-escalating discussion in South Africa and Zimbabwe. For instance, Zimbabwe banned chrome ore exports in 2011 but, in my opinion, it is not a solution for the whole market’s sake.
Moreover chrome ore is a “precious” commodity, as it cannot be replaced by any other commodity in the stainless steel production. We, as YILDIRIM, have high quality chrome ore reserves in Turkey and Kazakhstan and we know how precious this material for the market and we always build our strategy on this pillar. Briefly, chrome ore is an abundant but at the same time an irreplaceable commodity. Governments’ policies in the last years tend to change towards protectionism but I do not see a material risk.
The real risk in my opinion is the fragmented structure of the market. There have been no real capacity increases in the market for a long time but there are many new minor producers elsewhere. For instance, India, Zimbabwe and Albania are the epicenter of this fragmented structure. As a result of this fragmented structure, the market consolidation is still in progress. The consolidation in South Africa showed us that otherwise did not help anyone. I believe in open market economy and competition but what happens in this market is like a mass suicide. This is why I think the current market structure is the biggest risk and needs an immediate solution.
MB::
- Trade wars
- Protectionism becomes very popular globally and economies are getting influenced by politicians for localization
- Increase of interest rates and inflation may push another global economic crisis.
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Funny that the Globe makes No mention of Responsible Steel neither does Patrick Ryan.
Not one peep about something that is so incredibly important in that it has the ability to greatly restrict supply of raw materials that folks will be "allowed" to buy to keep their certification.
21 to 31 October 2019:
ResponsibleSteel membership ballot on standard.
After 31 October 2019:
Formal ratification of ResponsibleSteel standard version 1.0 by the ResponsibleSteel Board.
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read this link below and think about the impact
Look at stuff like this:
"Principle 2. Social, Environmental and Governance Management Systems (including responsible sourcing, mine site certification)"
Tariffs are NOTHING compared to this.
This will involve a 3 year audit to get this certification. The manufacturer will be forced to buy raw materials from All RESPONSIBLE sources and the mines will need site certification!
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This certification will create a much tighter supply market.
Funny how this VERY VERY BIG Deal is not reported on by the Globe nor Patrick Ryan.
Patrick Ryan mentions"the world is awash in chrome"
The Globe reports:Global demand for new sources of chromite, experts say, ranks between low and non-existent
But, neither the Globe nor Ryan...consider mentioning the upcoming Killer to supply of raw materials like chrome for steel making
....IS THE CHROME supply considered to be coming from A RESPONSIBLE SOURCE...can the mine be certified?? Social, Environmental and Governance Management Systems
I believe it is NO coincidence that the formal ratification of this standard after Oct.31, has unleashed such venom
towards Noront by the Globe and Patrick Ryan.
Noront the PRINCESS OF "Principles of Responsible this and that" will be the leader and the swines know it.
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