RE:Frank makes push for Port Authority
so the cost of the port authority plan is just shy of 2 billion plus the transfer of all pension liabilities of the ONTC according to the PC.s about 700 million tacked on, the cost of the railroad is $1.5 billion, add in another couple of hundred of millions for the shaft ,option agreements. we are at $5 billion and no processing plants and no cost overruns, tall order for KWG, best hope is for Cliffs buyout, it was a year go the first smell of the ONTC came about the stock was trading at 6 to 6.5, a year later with option agreements, Tony Clement coming and going, Bob Rae coming into the picture, buybacks, insider's buying, favourable mining rulings, the stock is still stuck at 5 cents. KWG wants to ship the ore by rail from site to Sudbury via Timmins and North Bay and then back to North Bay to Cochrane and then Moosonee, talk about a circle route