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: Re: Ontario Moving Forward With High-Speed Rail;-- not NOT/ROF??

BigD

Post says: "Both Province shoud get togheter and create a network of this type of monorail which top speep is 250km/h.

And eventully this could transport our ores with less environment impacts !!!"

Novel idea. But, this more suitable for short-distance travel such as from airport to downtown, and perhaps from main city to satellite city a short distance away (it must show advantages over subway and ligh rail). A test/demonstration section of 5km at a cost of $250M, if scaled up (just to see the order of magnitude cost) to 300km from the RoF to Nakina (x 60) would give something like ~$0.25B x 60 = $15B which is 10x the estimated cost of the regular RR KWG was proposing for the same distance. Again, keep in mind this is a very simple-minded scale up. Feel free to come up with what would be considered as more reasonable, 50% of %15B = $7.5B is still pricey.

Another thing that would need to consider is that chromite ore is heavy stuff and would need heavy-duty locomotives to pull a long train of rail cars. The monorail concept has single "gondolas" in the design. Just wondering how ore could be loaded in such a gondola, since bulk handling, loading and loading, of ore is not a "nice-and-neat" and could not easily loaded in shiny gondolas.

Speed is not really a requirement for getting the stuff out of the RoF. If one can get the ore out from the RoF evn at a much lower speed than 250km/hr that would be acceptable. An average speed of ~100km/hr is just plenty. Three hours for that train trip of 300km is perfectly fine, and we don't need to speed it up to get to Nakina in ~1hr (at the risk of accidents).

Protection of the environment is important. Yes, we need to develop a mining project responsibly as far environmental protection is concerned, i.e. it must meet the national/international health and safety requirements, but the environment should not be protected at all cost. This should not be a (supreme) overriding requirement for any development. If the requirements are so tringent that it would make the cost of a development project prohibitively high, then investment money will go elsewhere, e.g. to where investors would consider as a better place for their money (investors want a good place for some secure and reasonable ROI,... and they can pick and choose a safe place for their money).

We don't need to look far, Quebec is just next door, and it is considered as a friendlier juridiction/(political) climate compared to Ontario in many fronts.

Just my opinion.

goldhunter

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