All Aboard...Next Stop... The Ring of Fire
posted on
Dec 29, 2021 12:32AM
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)
As things begin to come together for the Ring of Fire we will see more acquisitions happen that are either directly, or indirectly, involved in it success and profiting. However, even those opposed know that time is ticking, and that when Forrest comes a knocking looking to do business they had best be ready to discuss a deal that is fair, but also requires the making of concessions and assurrances of cooperation. I am a firm believer of the Rail Veyor system, and what it could mean for the Ring of Fire. It seems to check all of the boxes for me. It's autonomous, reliable, quick to build, costworthy, has a relatively small footprint, and most of all...it is environmentally friendly.
However, the Rail Veyor system can only take the Ring's resources so far, and that is where that can see such a system being implemented are now preparing to cash in on taking those resources to where they're needed...Sudbury and Sault Ste Marie. So, for those who can see the Ring coming you now have those who are positioning themselves to capitalize on its riches. What the Ring of Fire holds is worth nothing if it continues to stay underground...It must make its way to market.
Now take a look at this map.
The purchase of this rail line has a strategic purpose IMO, and I am guessing that the recent approval for it's sale has something to do with the Ring of Fire .... I could be wrong, but it's awfully suspicious. Look how nicely it connects with Hearst and the ONR, and how it even hooks up with CN's westward corridor that passes just south of Nakina, Aorland and the transfer station that is to be built at the beginning of the N/S road to the Ring. Not to mention the fact that this ACR line appears to be the straightest connection between the North and Sault Ste Marie and even possess offsshhot lines that go to Sudbury. Doesn't get much better than that if you ask me if your looking to process nickel and Ferrochrome.
https://www.prnewswire.com/news-releases/watco-announces-investment-partnership-301326066.html
The private investor will join Watco's other strategic equity partners: Oaktree Transportation Infrastructure Fund (TIF), Kinder Morgan, and Norfolk Southern. As part of Watco's capital structure refinancing, SkyKnight Capital, an investor in Watco since 2016, will be exiting the investment group.
"We've appreciated SkyKnight's investment and support," said Rick Baden, Watco EVP and CFO. "They've been terrific partners over the past five years and have helped us tremendously with our growth initiatives throughout those years. Our relationship with the SkyKnight representatives on Watco's board, Tom Crowley (CEO of Crowley, a large privately held shipping and logistics company) and Matt Ebbel (Founder and Managing Partner of SkyKnight) was extremely beneficial during what has been and continues to be a very strong growth period for Watco."
Smith concluded, "Watco's history has always included equity partners who have a strong strategic perspective. Matt and Tom have exemplified those same values, and want to thank both of them and the SkyKnight team for their commitment and trust in Watco....
TM...Just so happens Watco has lines in both North America and Australia...Isn't that special.