From_Sudbury

This concept is really outside the box: Spending half a $B to buy CLF chrome assets and deeded them the FNs? Several valid questions have been raised to challenge this concept. So, everything would work out fine if CLF deposit is "given" to the FNs?

One fundamental question would be why this particular property from CLF and not others such as NOT, KWG, PRB, etc. If this were done then the FNs, in effect, would have a veto on the development of any properties that belong to other companies. This is a pandora box that nobody wants to open. Imagine court cases from other companies that would last for centuries. This concept could be looked at as "spending $0.5B to save $0.5B" since nothing would ever be developed in the RoF...and Ontario. This would also create a bad precedence for the entire Canada. It makes no sense, unless the the hidden agenda is to destroy the mining industry in Canada.

As mentioned, the Port Authority/Devel Corp concept is already on the table and this would bring in all interested parties, the industries, govts, the FNs, the public (public money could be raised to fund projects). Mining development cannot be done by the government or the FNs alone, and this is the fact of life.

Bottom line: The concept of spending $0.5B of public money to buy CLF assets (even without giving it to the FNs) is so weird that it does not deserve any further discussions. BTW, the new management at CLF must be a great supporter for this concept, since it would get back the original investment, instead of whatever it can get from a (fire) sale?

goldhunter