Sum: "Yes we have a mineable resource with enough there to make some profit."
An understatement if I ever read one.
The total profits are not the movers here especially for a global corporation, but the return on investment is phenominal. I am talking about Eagle's nickel and attached metals. So they get a double whammy (Yes both). A source for nickel and great return on a small investment. Even if they owned 49% of Noront ( which I think is eventually a real possibility) that is just chump change for them.
The chinese are not only interested in getting their foot in the door of the nickel but the chromite. Here they very likely want to be in on having the option of taking the whole thing, I mean Cliffs and everything else chromite.
And even if they don't take it all, their small investment makes it easy for them to get a piece of chromite production instead of it all going to the americans.
Like many stated here before, they want to be assured of supply.
As for Wes, the cusp was to be in 2010 but things got in the way and the event was much delayed.
Ontario government is and will be more late in making announcement related to infrastructure because they will do so close to the election time, me thinks.
Stay up late more often Sum, you raise good questions for meaningfull debates and contemplation.
Much appreciated, Cheers.
