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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (68675)	10/28/2019 7:09:14 AM
From: Goose94	Read Replies (1) \| Respond to of 204431

Noront Resources (NOT-V) Ontario Premier Doug Ford has repeatedly pledged to build a $1-billion road to the Ring of Fire, a $60-billion mining play that supposed to supercharge Northern Ontario's economy. It's all aspirational hogwash. No comprehensive study has ever been done that analyzes the costs of extracting minerals from the Ring of Fire and, ultimately, whether there is an investment case to do so. Despite years of boosterism from politicians and regional business leaders, industry experts say it is highly unlikely it will ever live up to even a fraction of the hype. Global demand for new sources of chromite, experts say, ranks between low and non-existent. The company that holds more than 75 per cent of the mining concessions in the Ring of Fire, tiny Noront Resources (20 cents), has raised concerns about its ability to continue as a going concern. Mining For Facts consultant Patrick Ryan says the world is awash in chromite, with no need for any new product from the Ring of Fire, or anywhere else. He says: "It's incomprehensible that this was ever a viable project. No one in their right mind would put a dime into it."