Hi elizabeth. I thought others had covered off, more or less my thoughts, however, I will reiterate. If nickel was trading at $4.50, do you agree Inco would be proceeding with the Argentia smelter? If so, then what has the price of nickel "NOW" got to do with a deal that will last 35 years?? By the time the first chunk of nickel comes out of the ground, even Inco doesn't believe nickel will be $2.11!!
So rather than bargaining in good faith, they use the price of Nickel "now" to negotiate a "life of mine" contract. I am not "for" governmental interference, but in this case, Inco is trying to pull a con job!! You can be sure that if they did negotiate a sweetheart deal based on $2.11 nickel, Inco wouldn't come back and up the "ante" to the Newfoundland people if the nickel rebounded to $4.50!!
No, as I said, I disagree with you! The Quebec government through it to the "old" Newfoundland government with the Churchill hydro deal.....Tobin doesn't intend on letting Inco rape and pillage the Newfoundland people, and I don't blame him one bit!!
Can you elaborate on your reasons for disagreement or do you have to get clearance from the boss.
Cute!
the Chief |
