Ring Of Fire-Rich high grade resources-4th Richest in WorldTell me if Rob Ford can quickly get $600 Million for a Scarbourgh subway with no revenue return then surely it is a no brainer Federal government moves ahead & ponies up & matches the Provinicial Government's offer.There is so much opportunity awaiting us in the way of jobs & spinoff jobs in Northern Ontario building that Railway ($6 a tonne vs $66 for roads).Simple choice there.
Chromite & ore ,copper ,nickel weigh a lot so a railway is the only way to move to a smelter or market.If Alan Coutts ,of Noront has offered to buy Cliff's Resources stake in 3 Chromite interests,wonder who else would be willing to buy them out.Afterall after spending $500 Million of a planned $3.3 Billion Project ,Cliff's is not going no where.However ,if they want to walk ,perhaps someone with large pockets would like to scoop the profit from this large $60 Billion asset.
My guess is Glencore moves in makes a takeover offer or partners with Kwg Resources.(The mouse that roared,) Cliff's felt their bite and has left the area for now.They will be back or risk a big boy taking their assets off their hands & proceeding themselves & developing this high grade $60 billion resource there ceasing the oppportunity themselves.
I have witnessed so many Amercian companies shut down Canadian operations,thus losing jobs.Is it not time we create the Ring of Fire ,Bulid the railway,service roads leading to these future mines.Simple jobs equal a future for our young working folks.Let's give them a opportunity to create a better life for all.