Re: both routes secured ? (suggestion: removal of "?" at end)
in response to
by
posted on
Dec 17, 2013 11:11AM
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
goldhunter,
The Kitchie Lake Affair refers to legitimate Noront claims staked before the withdrawal order that were disposed of and immediately taken up by CCC after the withdrawal order.
Possibly the MNR explained to Noront that the horseshoe blocking shape of the twenty Noront claims would see the OMLC grant easement, whether corridor surface rights belonged to Cliffs or CCC.
Possibly the MNR realized that Cliffs easement would never be granted by the OMLC back in April, so they accepted CCC's staking after the withdrawal order but before the easement decision which is bizarre.
No matter what the circumstances, CCC was right there, staking the gap!
There is one last very small gap, apart from Noront at the northern camp but we are getting way ahead of ourselves.
Investors should focus on what's really important, which is asking the Ontario government why it is not doing the one thing that would force Federal hands to make a major investment and thus light the Ring of Fire.
Infrastructure Ontario and the MNDM need to become shareholders and agree to transfer it’s shares of the Ontario Northland Railway to an already created federally chartered, shell crown corporation, the “James Bay & Lowlands Ports Authority”.
KWG would then transfer it's prior rights to surface rights to the “James Bay & Lowlands Ports Authority” and privately finance the bulk of the ROF railway. It would be able to privately fund the chromite reducer (GSR) and chromite mine, all located in Ontario.
Canadians and Ontarians should not be forced to pay for the mine railway, subsidize corporate power rates (5.5 cents or lower) and see a large part (48%) of semi-processed natural resources leave Canada.
KWG’s plan requires no large public funding for ROF railway infrastructure (Federal 3P, 50 year low interest flow through corporate loans, normal Canadian tax incentives already in place), no corporate power subsidies (mine, railway and chromite reducer will operate primarily on natural gas), no ministerial export exemptions (following the Finnish model, most of the chromite turned into stainless steel in Ontario).
Anyone still asking if the north south route is secure does not grasp what ROF infrastructure issues are stopping the project.