Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Third Party Interest

Third Party Interest

posted on Mar 16, 2010 03:09PM

You bet there is a third party on deck.

This player owns the bat, owns the ball and makes the rules of the game.

It will be the Gov. of Ontario. Clearly stated by Dalton McGuinty in his throne speech of 8th Mar.

Pay attention to this line in the excerpt below.

'and mining partners to fully realize the Ring of Fire’s potential'

I think any foreign interests may have a fight on their hands.

*********

Your government also knows that Northern Ontarians face particular challenges — and that the global recession has had a deep impact in northern communities.

Your government will ensure the North benefits from its Open Ontario plan.

In 2008, northern Ontario became home to our first diamond mine.

Your government will build on that success — particularly in the region known as the Ring of Fire.

It is said to contain one of the largest chromite deposits in the world — a key ingredient in stainless steel.

There is no substitute for chromite. There is no North American producer of chromite.

It’s the most promising mining opportunity in Canada in a century.

Your government is fully committed to working with northerners, Aboriginal communities and mining partners to fully realize the Ring of Fire’s potential.

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Mar 16, 2010 03:20PM
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Mar 17, 2010 08:45AM
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