Northgate

[oneoff]

There something damn fishy about this current thread. Look at the timme stamps and you'll see that sum dum replied 3 days before "Mojo" started the thread supposedly. Mojo's initial post is a duplicate of reply to a different thread now on page 2.

And one of my posts included was never entered into this thread by the author.

Is this some new update by the moderator; because picking and chosing only by someone else's decision isn't the major change that this site needs to keep certain topics at the top of the list.

[oneoff]

An interesting set of "forward looking" statements from the financial statements published June 17/2014

OUTLOOK
Ceres is developing a cross border, transloading terminal hub in Northgate, Saskatchewan. The terminal is designed to connect to the BNSF rail network, thus enabling rail transportation of grain and other commodities - including oil and natural gas liquids (NGL) - into the U.S. market. For the 2014 construction season, Ceres has announced plans to progress towards:

•Completing the remaining site preparation and installation of rail and associated infrastructure to allow manifest and unit trains to cross the border into Canada and to facilitate the transloading of agricultural, petroleum and other bulk commodity products; and
•Funding the planning and design of the grain transload facility and the planning, design and initial construction of oil and NGL transload facilities.

The Northgate Commodity Logistics Centre (NCLC) project is currently advancing with site preparations and mass grading work. Subsequent to the end of Q4 2014, the Corporation announced the completion of the railway connection to the BNSF Railway, which will enable cross-border shipments. The proceeds from the sales of non-core assets are expected to be used in funding the planning and design costs at Northgate.

Ceres expects to install a temporary grain transloading facility over the summer so that grain can be shipped in the fall of 2014, while the permanent elevator is under construction. This temporary facility is expected to be able to load up to 72 grain car loads per week, serviced by the BNSF's manifest local service 2-3 times per week. Currently, site preparation grading at NCLC is 80% completed and the Corporation has installed 1,150 metres out of anticipated 12,552 metres of rail track running north from the Canada-U.S. border into the site. Construction of the remaining site infrastructure and rail is expected to continue over the summer, with track completion expected in early fall 2014.

Northgate's location is highly strategic: there are approximately 178 million bushels of Canadian production (wheat, canola, oats etc.) within 100 miles of the facility. This location also offers access to BNSF's rail network and an ability to buy freight transport, to which no other elevator in Western Canada has direct access.

This site is expected to allow Riverland Ag to market new crops such as canola, which can be shipped to NAFTA customers in unit trains using the most efficient single carrier route. It would also allow Riverland Ag to develop a Durum export program through its facility in Duluth and make better use of that facility. As such, the addition of the Northgate terminal is expected to allow Riverland Ag to complete a transformation from a passive storage model to an active grain trading company. In addition, sweet light crude oil production in the Northgate draw area is estimated at 40,000 bpd increasing to possibly 75,000 to 125,000 in the next 3-5 years, which provides an excellent market for an oil transloading facility at the NCLC.