HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

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Message: Look at what the Feds are saying

The first paragraph...

"The Ontario Government should stay focused on deciding on a transportation corridor to get to the Ring of Fire and reaching revenue agreements with first nations before worrying about striking deals with the federal government on infrastructure projects."

And a few paragraphs down..

"Rickford has said, and he repeated it Monday in Sudbury, that the federal government has Build Canada Fund money available to share the cost of infrastructure, but only after the province makes decisions about what those specific projects will be."

So...what stage are we at...say, with respect to mining any chrome. Currently, no feasibility study....no ongoing environmental assessment; that was put on hold by Cliffs....no decision on how best to transport the material...enter KWG vs Cliffs

Compare that to....say, with respect to Noront's Nickel/copper/PGE.

-- positive feasibility study that doesn't even include any nearby chrome or the inferred portion

-- environmental assessment....ongoing....to be completed and hopefully approved by year end...if the natives and government can't come to terms with an underground mine with plans to process much of the material underground, then what chance is there for an environmental assessment on an open pit chrome mine....I'd say pretty close to ZERO...NIL....NAWDA

-- infrastrucure included in Noront's feasibility study; costs less than the total the province is willing to put up...something that provides transportation routes for various first nations....something the provincial conservatives were pushing for...the E/W route

Why are the liberals trying so hard to push for the advancement of chrome projects, when we are soooo far off yet? Also, we are still waiting for a real deal with the various first nations....not some agreement in principal (are you kidding?)....a real deal.....otherwise; there really is just no deal to be had....and with that no development whatsoever.

And so...I agree with Redford...let's quit with the fast talk and get a real deal with the natives and some assurances that there are no outstainding issues with respect to the environmental process.

Then, we can focus on the one and only project that is anywhere near producing anything within the next few years....and with that will come lots of investment dollars.

1
ANL
Aug 26, 2014 02:51PM
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