more ripple effect

Yesterday's blog talked about the ripple effect  related to improvements to the rail into Churchill and to the port.The ripple or waves emanate from the original investment and have secondary effects.So the improvement of the port causes a number of secondary investments such as motels and lodges in Churchill.The previous blog talked about expected secondary investments made by Nunavut.There is no way to check and see if these investments have been made or will be in the future.However there is another indicator of the kind of increases that can come from the ripple effect.Another company that was given notes and help is called Logistec.It is a Quebec based company and handles various aspects of moving cargo.They were told that they would get some help on a new installation in Churchill.Two notes were made in August and the stock was trading about $27 to $29 a share.It is not known what they did if anything but there is a vacuum in the north for companies like Logistec and now the company trades at $56 a share.This is an increase in equity of about $125 million.It is hoped that Nunavut got the same kind of ripple effect.Logistec will get further help on any other projects in the north.