Some years ago, I worked for the Iron Ore Company of Canada in northern Quebec, which advertised sufficient reserves to “supply the free world demand for 300 years” (their words, not mine). There was a town on site for mine staff, a direct rail link to a deepwater port, and unlimited hydro-electric power. Shortly thereafter the operation shut down because it was uneconomic.
It is quite clear that there will be no major mining development in the Peel watershed without massive public subsidy for infrastructure. Present activity in the region is nothing more than the usual poker game that is the stock market, invested in by people clueless as to the issues.
The plan presented by the Peel Watershed Planning Commission is entirely sensible.