RE:RE:RE:potential for IOC shutting down That is what makes the intrinsic value of IOC and LIF. Warren Buffet should be looking at this !
The reserves are good for 75 years too, more intrinsic value. He buys forest industries for the value of the forest, at least he did in the past.
That kind of info is what this Bullboard should be for.
Owning the railroad was a real money maker when they were transporting other companies product.
It is still a considerable asset as it opens the north of Quebec. The gouv is having a study done for the construction of another railroad. Another waste of tax payer's money. QNS&L could handle 80 million tons a year with more trains and some siding extensions. Peanuts compared to an entire new railroad. With Wabush and Bloom shut down there must be some locos and a lot of ore cars parked somewhere. Very little need for new rr equipment in the current situation.
Driverless trucks in the mine will save bundles of money. When Suncor gets set up that way it will lead the local miners to do the same. Rio already does it in Aust. It saves fuel, tires and brakes compared to human drivers.
The only dark cloud on the horizon is the lawsuit by the local Innus concerning the use of their traditional lands. They have sued IOC for 900 million. Ridiculous amount, but they have been ignored by IOC for too long.
Bloom had an agreement with them for 5 million a year and 5 million on signing in 2008. All the juniors in the trough follow Richard Quesnel's ( Bloom ) example and sign as early as they can with the Innu now.