ANALYSIS CONTINUED ON THE BANNER ARTICLE

Excerpt from the Orangeville Banner article:

"Melancthon is within 75 km of areas with a high need for aggregate.  If we bring it down from North Bay, the cost is three to five times as much,” Lowndes said."

Full article here: http://www.orangeville.com/news/local/article/1293349--the-highland-companies-wants-to-pay-municipalities-more

In my opinion, I think they are really saying is if they bring it down from North Bay, the anticipated PROFIT to Baupost would be less.

So instead of making $43.2 BILLION as the article in ValueWalk suggests, their return would ONLY be say $35 BILLION? 

And what no one is mentioning in this argument is, Ontario will always need aggregate.

Even if they get their shit together and figure out how to use less and recycle more, the Province of Ontario will still be the biggest consumer of aggregate and will continue to need aggregate.

So, when Baupost mines out Melancthon and disappears with their BILLIONS in profit, not only will someone else HAVE to go north to mine that limestone with all the resultant extra costs, Ontario will also be left with a big hole in the ground, 75km from the GTA that once produced "local food".

Oh yeah, Ontario taxpayers will also be left with a big bill for pumping water- not in perpetuity- just until the sun explodes!! (I stole that from the speaker at the NDACT meeting).

So the only one who wins here by "selling the close to market" strategy is Baupost investors.

NOT ONE OTHER PERSON.