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Street Views - Street Views with Jeff Labine
2013-05-31 at 11:21

Ring of Fire: A future boom or bust?

The Ring of Fire promises to bring billions of dollars to the economy of Northern Ontario. but when is this region going to see the dollars?

In this episode of Street Views, host Jeff Labine asks residents whether they think the pending Ring of Fire development will be a big boom to the local economy or a disappointing bust.

What do you think? Don’t forget to leave your comments below.

 

Tbnewswatch.com(9)

Comments

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Watchful says:
Bust
5/31/2013 11:06:33 PM
The Badger Mountain Hermit says:
Resource Rip-Off of the Century.
6/3/2013 9:36:18 AM
driller 59 says:
Lots of hype...far too many high profile folks involved now for this not to move forward. Question will be who will the main operator be...my bet is on Noront.
6/3/2013 7:22:44 PM
NotforLong says:

a future boom ... a 100 years + mines is a minimum 3 generations support, rail and road transport, electricity and energy ,first Nation autonomy and quote "Bigger than Oil Sand".
6/3/2013 9:26:59 PM
goodheart-r says:
Sudbury had one mine in the boonies when they ran a railroad to it. Look at the size of Sudbury now. The ring of fire has 11 mines Two of them proven to be world class so far. Much , much bigger then the nickel mine in Sudbury.A great future awaits all ontarians and all near the ring that want to plan a future for themselves and their children.
6/4/2013 9:01:26 AM
Eastender says:
The big question is who is going to pony up the advance cash needed to put in the necessary infrastructure. That bill could be one billion plus. I don't see anyone racing to the finish line with bags of cash. The mining CEOs are waiting for the govt. but they are strapped for cash,so we wait ....and wait...........and wait .............................zzzzzzzzzzzzzzzz wake me up when it happens.
6/6/2013 8:52:09 PM
realistic1 says:
In order to instill confidence in people including investors so they buy into the project, you need to tell them the project is inevitable imminent. The fact is that the timeline keeps moving further into the future as the realization that transportation costs are very high and because several different groups want a piece of the pie. In the words of the Dragons, "there's too many players, and for that reason, I'm out".
6/7/2013 5:56:05 AM
jonthunder says:
The current McGuinty/Wynne government has had over half a decade to advance this development opportunity and failed. It is clearly time for a new government and representatives in northern Ontario. I regret having to say such, but that is reality...
7/14/2013 10:09:33 PM
oracle says:
Yikes. Where are the fairies and pixies?
Commodity prices dropping.
BRIC economies slowing.
Mining capital leaving Ontario and North America.
Exploration and Mining Share prices dropping.
Electricity price rising.
Regulatory burden rising.
First Nation relations sinking.
Environmental Assessment looming.
Far North Act (is the ring of fire a park or not?).
Waterway parks to cross.
Zero Infrastructure.
Huge deficit.
How many new mines in the region over the last 20 years?
Can't make money in Ontario.
The market is discovering that now - after Cliff's did.
Ring of Smoke and Mirrors.
7/14/2013 11:59:45 PM
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