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: ROF gone from budget
3
Apr 27, 2017 04:49PM
4
Apr 27, 2017 05:04PM

Ringer, Thanks for posting the Budget and Fedeli's tweet.

I am thinking two things here.

(1) "money lock-in commitment to  transfer agent."  Please see post below from Nov. 5, 2015.

IF money is locked in...and committed to the transfer agent..do you show the money in your 2017 budget since this money has been transfered to this agent?

 

http://agoracom.com/ir/Noront/forums/discussion/topics/655006-it-must-have-got-very-hot-in-today-s-ontario-legislature-session/messages/2055218

 We have got our commitment of $1 billion locked in, thanks to the Minister of Finance for the transportation infrastructure corridor.

Hon. Michael Gravelle: Our $1 billion lock-in commitment to the transfer agent infrastructure is extraordinarily significant and—

 

(2) Marten Falls plus investors for north south road.......where is this at? IF this is going ahead does gov't need to commit  1 billion?

http://www.theglobeandmail.com/news/politics/road-to-ring-of-fire-could-cost-up-to-550-million/article31585443/

 

Bruce Achneepineskum, chief of Marten Falls First Nation, which is south of the Ring of Fire but was not part of the road study, said his community is working with investors on a separate study focused on a north-south road to the Ring of Fire that would also connect his fly-in First Nation to the south.

Mr. Achneepineskum said he believes the benefits of an all-weather road are clear, given that it costs about 52 cents a pound to transport goods into the community.

 “Your wallet shrinks pretty fast,” he said. “The road would bring down the cost of living in remote communities. It would free up money to further construction, build more houses, people could buy more food and it would allow a little bit of freedom for those residents to come in and out of the community and mingle with the outside world.”

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