Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

It would be nice to see the ROF ingredients used for making these ships.

http://www.cbc.ca/news/politics/canada-s-vast-shipbuilding-plan-still-at-starting-line-1.3058147?cmp=rss

Nobody will cut steel for the first of the Surface Combatants until "early in the next decade," say the anonymous officials. That ship won't be in service until "the middle of the next decade."

This article below is from 2014

https://northernpolicy.wordpress.com/2014/10/01/stainless-steel-and-the-ring-of-fire/

Still, many think governments shouldn’t be involved in private industry. But if industry isn’t interested or able without incentives, does that principle still apply? It didn’t for Finland. The Finnish government saw the potential of a stainless industry and made it happen. Once it was off the ground, they sold most of it to private industry. Finland has since grown into a world leader in the manufacture of stainless steel and related technologies.

The federal government has been quite focused on its war with the national deficit but some powerful voices have asked for a temporary ceasefire. The C.D. Howe Institute published a paper recently by McMaster Economics Professor William Scarth that suggested the federal government should take advantage of low interest rates and invest stimulus money to create jobs. (“User Discretion Advised: Fiscal Consolidation and the Recovery” July 2014)

Scarth wasn’t endorsing a stainless steel industry of course but he was advocating government stimulus to get our economy out of the doldrums. And it’s not as if the current federal government doesn’t believe in massive industrial investment. In 2011, Canadian shipyards were given contracts of $33-billion for the construction of government ships. Those vessels could have been purchased from other countries, just like the North’s chromite could be sent to smelters and stainless steel mills in China or Korea. But where’s the value in that?

Back at the Ring of Fire, the provincial and federal governments are engaged in some version of a shotgun wedding with respect to infrastructure funding. Northerners are looking forward to the nuptials but would they be asking too much of the marriage if it also bore the offspring of a stainless steel industry?

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Babjak1
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