This beaten down attitude due to delays of getting it right might explain the current SP....
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p22
Metal Ore Mining
metal ore mining will shine bright over the next five years, as several
mining projects progress to the production phase and mining output will
grow well above the pace of national GDp growth. Beyond 2020, metal
ore mining growth will slow due to the reduction in investment caused by
weak commodity prices.
ontario will remain the leader among the provinces when it comes
to mining output. Even if its much-touted, chromite-rich “
ring of Fire” region does not get developed within our forecast horizon, production
from the province’s wealth of untapped gold, copper, and nickel reserves
will maintain its position as Canada’s most important metal producer
p51
"The outlook could receive a significant boost if unexpected progress is
made in the development of the province’s chromite-rich ring of Fire region.
However, this seems unlikely, given several obstacles including
weak commodity prices, political disagreements, and disputes with
First nations. our outlook only includes one project in the ring of Fire
over the next 10 years, which is noront rsources’ Eagle’s nest nickel,
copper, platinum, and palladium deposit"
