http://www.torontotelegraph.com/index.php/sid/227004963

http://www.chinabusinessreview.com/china-forms-infrastructure-bank-despite-us-opposition/?utm_source=rss&utm_medium=rss&utm_campaign=china-forms-infrastructure-bank-despite-us-opposition

The links above are from last week and if you look at these and other links on the same topic by different papers....you get this gist below.

-BEIJING China led Asian Infrastructure Investment Bank (AIIB) was launched last Friday with 21 Asian nations signing up for the initiative seen by some as a regional rival to the World Bank.

-THE bank is to fund infrastructure projects like roads, railways, power plants and telecommunications networks ...in Asia.

-China is kicking in 50 billion the other countries ...the rest of the moola

- ..So as a country ..if you kick in approx 2 billion give or take ...you are a "club member" in this infrastructure fund.

-I've read articles stating :"This fund is supposed to be operational by the end of this year...some have stated 2015. Regardless ..2015..is 2 months away.

-It was speculated that this new Asian Infrastructure Investment bank (AIIB) was to be in competition to the World bank and the Asian bank (both USA dominated).

-however.....the arguement is ...lots of Asian infrastructure is planned and lots of moola is needed hence the new AIIB Bank is created.

-The World Bank president, Jim Yong Kim, has said he is not worried about the Asian Infrastructure Bank (AIIB), especially as China has been working closely with the World Bank on developing the project. He said that there are not currently enough funds to finance the infrastructure projects needed in Asia, which the ADB estimated would amount to $8 trillion by 2020.

Chinese officials agree with Kim, saying that the AIIB will grow to complement, not replace, existing banks. According to Xinhua, Chinese Finance Minister Lou Jiwei has said that the bank will draw from good practices of established banks and implement high-standard safeguard policies. China’s President Xi Jinping has also said that the AIIB must follow multilateral rules, procedures, and existing banks’ best practices

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So...while this very juicy ....carrot is being dangeled...

Ontario Premier Kathleen Wynne makes a full-court press for trade in China to expand her Ontario's sluggish economy and wean it off its long-standing dependence on the American market.

We have this 100 billion Infrastructure thingie going on...and ..there she is In CHINA.

Australia hasn't signed on ...yet ..to this infrastructure fund..due to USA pressure...but it's looking more and more like Australia will...cave and join...

Australia much like Canada and New Zealand are resource countries...that ...100 billion dollar carrot is meaty..and the 8 trillion by 2020..is so meaty that my stomach just let out a loud growl.

If you don't join....you may find yourself ..not exactly "favoured" as a supplier of resources to build this upcoming 8 trillion dollars of stuff.

If I was Wynne ...I'd be jumping on a plane to China too. 100 billion..8 trillion ..yummy ..yummy ..yum...yum..yum.

I'd be boasting about all the ROF goodies and looking for some sort of a deal..much like she is there trying to do....And as per my last post...China confirmed ...Stephan Harper will be there next week.

So..let me ask you a question...with 100 billion...and 8 trillion by 2020...anybody thinking commodities will be in demand...

So...maybe ..the RCF's (Rothschild roots)....know a thing or two. Maybe they are not crazy to keep taking these Noront interest shares instead of cash...AND remember...there are many other junior mining companies they are invested heavily in. (look at Avanti Minerals INC.. in BC..and got their EA approved by BC province this year)..

When RCF converts the bridge loan to Noront shares at .45 cents they'll own 1/3 of Noront. Seems to me...they'll make out really well...when the demand /supply of commodities does a 180 degree turn ..based on the yummy plans above.

Maybe BHP's announcement 8 days ago isn't crazy??

Fortescue, BHP and Rio all operate in the iron-rich Pilbara region of Western Australia, the largest production hub for the material in the world. BHP is the world’s third-largest exporter and is spending $2 billion to increase annual production capacity to 290 million metric tons. It plans to produce a record 245 million tons in the year through June.

http://www.bloomberg.com/news/2014-10-22/bhp-says-iron-ore-expansion-opposition-spurred-by-inferior-mines.html

Maybe Rio Tinto....isn't crazy based on this news 3 weeks ago??

Rio is racing to increase iron ore production by almost 25 per cent to 360 million tonnes, regardless of the impact on prices, which have fallen 40 per cent this year to five-year lows of around $US80 a tonne.

Mr Harding said the strategy was backed by "compelling economics".

Then we have Mick Davis, X2 Resources with his 5 billion dollars ready to SPEND frenzy....He's probably not crazy either.

I'm sure Wynne, Harper...realize the clock is ticking and time to get movin' and join the upcoming frenzy.

before I forget... I saw this 4 days ago..so ..within 10 years...another 105 billion ??

http://www.ft.com/intl/cms/s/0/501808f6-5b89-11e4-b68a-00144feab7de.html#axzz3HkGSXto9

China is set to invest £105bn in British infrastructure by 2025, with energy, property and transport the biggest recipients, according to research

I think if we hold onto our Noront shares...much like the RCF is doing...we'll do very well.

Our Nickel, copper, platinum, palladium, gold, titanium, vanadium, RAE's and CHROMIUM...will all be wanted...very badly.