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Ticket to the Eldorado: Too Expensive ? Canada’s Northern Mineral Potential and Infrastructure Costs : the Estimators’ Challenge February 28, 2013 . Private capital investment projects worth more than 50 billion $ are currently announced or under construction in Canada’s northern regions. However, the cost of physical infrastructures, the difficulty in estimating them, and their tendency to explode is a major obstacle to the realization of these projects, at least within original schedules (e.g. : the Mary River project of Baffinland Iron Mines in Nunavut). The possible contribution of public administrations to infrastructure financing doesn’t address the core issue : neither public nor private investors are willing to absorb additional uncertainties and costs given the current international financial environment. In the current rush to Canada’s North, the Achilles’ heel of investors is particularly vulnerable these days. …
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