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: interesting comment by Harper

Babajak, yes I did read it.... my point is that Ont has submitted 4 projects under the Provincial plan

"The final set of priority projects in Ontario under the Provincial Territorial Infrastructure Component of the Building Canada Fund has been submitted to the federal government for approval. The projects focus on transit infrastructure and include:

  • Lakeshore West and East rail corridors
  • Kitchener rail corridor
  • Barrie rail corridor
  • Union Station rail corridor signal upgrades."

And nominated 2 projects under the National Plan

"Under the National Infrastructure Component of the fund, the province has nominated the Scarborough subway extension project, reflecting the national importance the federal government's funding places on the project. Ontario is again calling on the federal government to fund the project out of the National Infrastructure Component, protecting the provincial fund from a unilateral carve out of important funding for provincial projects that will help provide efficient transit options to people across the GTHA.

Ontario also nominated the Ring of Fire under the National Infrastructure Component and continues to call on the federal government to match the province's commitment to invest up to $1 billion in the region. This project represents an unprecedented opportunity to unlock the economic development potential of northern Ontario and realize tremendous public benefits for Aboriginal communities, Ontario and Canada as a whole."

Doesn't appear that Ont has made ROF the priority certainly not when they haven't included it as part of the Provincial submissions as well as the National one. Feds have consistently indicated that they are not inclined to match the $Billion requested under the National filing by Ont. and with no submission under the provincial filings Harper is questioning the ROF priority by Ont. It's a mexican stand off.

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