Canada.....the handout capitol
posted on
Feb 05, 2011 09:12AM
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)
Isn't it interesting that NOT, through some unsavoury evolution, has ultimately become a company that is aiming, and is at least capable with their present talents and feasbility study, to become a mining company which would mine the ore they have found. What is the response to that?........mild if anything. Interest remained dormant... or should I say vision. Enter CLF.....suddenly the gov't is talking Cr and touting Ontario as the next big slice of bread. Big brother US steps up to the plate and suddenly gold will line the streets. (and we know how they play the game...check out their economy) Actually I suspect the case for investors....er traders really.....is the smell of blood as the little guys get eaten and the "investors" see a fast or relatively fast buck in takeovers. Now some have expressed the desire to stay with it until it is a mine. Those are the true investors with vision. Canada, however, is "blessed" with a population (politicians) very big on short sighted gain and far sighted pain. The question is, who makes the real bucks? It's the mining companies who buy for a very low price relative to their gain while those that cash in early sell off control and long term profit making. It's inconceiveable to me that we have a resource, work force and some very capable people here who could keep the wealth here yet no backbone to do so, though the rest of the world....smart world....read China.... know what needs to be done to create strength and longevity for their country. You may not like'em but they will be running your world. They have a determination and vision which goes beyond the concerns of making the next election. The western world has thought those abroad to be the lesser and now are seeing them in a new light as their "lesser" qualities are what has brought them to be the savvy and competitive neighours they are today. Russia sends out vibes that it will be "monitoring" exports, China will be "monitoring" their exports....Canada? Business as usual....come and get it!