Ring of Fire News


What's up with the biggest thing happening in mining in NW Ontario?

#RingOfFire (#RoF) News – October 27, 2017

  • ”Ontario’s ‘Ring of Fire’ region gets $69.2 million broadband boost” (itworldcanada.com) – Toronto StarcomSooToday.comGovernment of Ontario news release: “Expanding Broadband Infrastructure in Remote Northern Ontario
  • Northern P.C. members expected to endorse Ring of Fire policy proposal — One of the policies Northern Ontario Progressive Conservative members will decide in online voting in early November deals with the Ring of Fire.  The northern policies that are approved make it to the provincial policy convention and will form the party’s platform for next June’s election.  Nipissing MPP Vic Fedeli says the goal with the Ring of Fire policy is to raise its level of importance …”
  • Romano visits Ring of Fire (5-15 Oct 2017) — As Sault MPP Ross Romano is headed to the far north to visit the Ring of Fire area and meet with First Nation communities, the Sault Ste. Marie Economic Development Corp. is keeping its line of communication open Noront Resources … His goals are to tour the area to get a full appreciation of the challenges the provincial government faces to develop the road and how to properly address the relationship with Indigenous communities …” – “Sault MPP Ross Romano said he got a hard life lesson during his two-week trip to First Nation communities in Ontario’s far north … So much so, he said, that he’s already drafting a private member’s bill that he hopes will enlighten Ontarians and provide future generations with a better understanding of how some First Nation communities live. That education also needs to include a better understanding of treaties and how they work and teach youth, at a younger age, to better appreciate relationships with Indigenous people …”
  • Noront raises $1.2 million through private placement” (Northern Ontario Business)Noront company news release
  • Shedding Some Light on the Quant Signals & Ratios For Noront Resources Ltd. — In trying to determine the current valuation of Noront Resources Ltd. shares, we note that the Book to Market ratio of the shares stands at -0.201305. It’s commonly accepted that a Book to Market ratio greater than one indicates that the shares might be undervalued. The book to market ratio has some limitations in certain industries however where intangible assets (such as knowledge) often are not represented on a balance sheet. The ratio is calculated by dividing the market price per share by book value per share …” (26 Oct 2017)
  • Scanning the Quant Signals For Noront Resources Ltd. — There are many different tools to determine whether a company is profitable or not. One of the most popular ratios is the “Return on Assets” (aka ROA). This score indicates how profitable a company is relative to its total assets. The Return on Assets for Noront Resources Ltd. is -0.496979. This number is calculated by dividing net income after tax by the company’s total assets …” (16 Oct 2017)
  • ”Technical Review on Shares of Kwg Resources Inc — Watching the technical levels for Kwg Resources Inc (KWGBF), we have spotted that the SuperTrend line is currently sitting above recent share price levels. According to the signal, this may point to the stock entering buy territory …” (25 Oct 2017)
  • Trading Lines: Percentage Price Oscillator Histogram Over Zero for Kwg Resources Inc — Traders might be scanning the indicators on shares of Kwg Resources Inc (KWGBF). We have recently noticed that the PPOH level is currently above zero. With the PPOH above zero, traders may be alerted that the stock is in buy territory …” (24 Oct 2017)
  • Timmins could sweeten the pot to encourage businesses to head north — The City of Timmins is looking to make itself enticing to businesses thinking about heading north. City councillors want staff to draw up a proposal that could see tax rebates and grant money offered to companies that choose Timmins for a new home … The mayor wants to see what the city can offer, in the hopes of attracting major, much sought after operations; like the Ring of Fire smelter …”
  • ‘Shocking’: Canada’s caribou decline as Ontario stumbles on recovery efforts” — Ontario once led the way in boreal caribou recovery planning, but now the province has failed alongside most other jurisdictions to develop critical range protection plans by a deadline laid out five years ago. The science is clear that further habitat protection is needed, but the provinces and territories are “all very behind,” said Justina Ray, the president and senior scientist of the Wildlife Conservation Society … Moving forward, Ray wants the province to integrate range protection plans into forest management planning, undertake regular population monitoring and develop a specific strategy for the Ring of Fire area in Northern Ontario — particularly the new road.  “We know the pathway to solving this problem,” she said …”
  • Golden Share Announces Appointment of Principal Advisor, Provides Updates and Grants Options — Golden Share Resources Corporation is pleased to welcome Mr. William S. (Steve) Vaughan to join Golden Share as its Principle Advisor. Mr. Vaughan was the recipient of PDAC’s Distinguished Service Award in 2002 and was named a Distinguished Lecturer by the Canadian Institute of Mining and Metallurgy for 2002/2003. Mr. Vaughan is an inductee of Canadian Mining Hall of Fame in 2017 … Golden Share’s participation of potential rail road to the Ring of Fire region located in northwestern Ontario provides tremendous potential for the Company. Golden Share also continues to advance an exciting opportunity related to vanadium based energy storage solutions …”
  • Canadian Mining Hall of Fame welcomes four new inductees for 2018 … One of the founding members of CMHF, Ed Thompson was also a leader in bringing the Prospectors and Developers of Canada (PDAC) global respect and recognition. According to the CMHF official press release, he has showed his diversity of skills by contributing to numerous aspects to the Canadian mining industry such as exploration, mine development, company building, and supporting industry causes and associations. In his career, Thompson contributed to the growth of Teck Resources and Lacana Mining (now part of Barrick Gold). He also made discoveries in Ontario’s “Ring of Fire” and developed an iron ore mine in Quebec that Cliffs Canada bought in 2011 for 4.9 billion dollars. In addition, Thompson has served on the boards of 50 junior companies.”


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