posted on
Dec 16, 2015 02:48PM
Let's stay on the safe side. NOT has a deposit, a shot away from being a reserve, which is wanted by China, no road for FN without the play-off of a mine at Eagle's nest. Trudeau made his first real move by the 30 M CAD road and taling FN serious. NOt and the worldclass deposit coming along have Nothing to do with respectable immigrants neither with a debt per capita of 19K CAD, that has been well invested in universities, schools, public services, existing infra and up and running economic activities, so far so good. If Canada sits still in its wealth, fine, looking forward you need to invest to actually keep the level of comfort and maintain existing services, being basic or not. The forward looking view laks the ability to deliver, but not for long. NOT is very well placed to make a difference to many, to add value, to increase absolutely necessary economic activitity. The latest news is far more in terms of volume and quality than line up, NOT is more than ready to prosper for an entire range of reasons. The hesitation to take the last step is not something unusual, it comes in all sizes and shapes. NOT is surely in the last phase of 'consultation', everything is ready to go. I view the announcement for the road construction is close, probably in Q1 of 2016, trudeau has made the first one day, being it for a smaller amount and less economic spin-off than the ROF. The de-risking phase took too long a time, it is the end phase for sure. Likelihood is over 80% according to latest rumoerig at RCF, based on earlier commitments and federal drive to be less oil depending and more result focussed. The advantage of the time past is that the project is better underpinned and has been substantiated more than almost any other investement in Ontario. Gravelle scheduled it for this year, give HIM a break to do it next year. Missing out on the opportunity is not in Trudeau' textboom as I have understood, hè will not leave it up to anybody else than himself. The fact that Coutts is as quiet as hè is, tells the rest of the story soon to unfold. Coutts knows how to play once all is said and done. To my opinion, it is a sealed deal already, just feb formalities and political conduct. Less than a shot away that SP is above the 2 dollar level. From there on it is waiting again until the big boys show up as NOT's Capital costs will be way beyond the big guys. Imho, no doubt that 2016 is it, Q1 the most likely timing, as momentum cannot be lost over and over again. Likelihood being far higher than what is discussed on This board, mainly due to loosing sight of the phase it is in, and too long a wait for getting here. FN is a non-homogenuous but important player wishing finally for the same as NOT: the E-W road with a high economic impact. Trudeau's staff has it all on its bow, and this it is not a rumour.