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Anchorage Daily News Opinion Piece by Native Supports Pebble Project
The Anchorage Daily News featured an opinion piece yesterday by Ethel Adcox entitled, "Iliamna Lake villages need jobs and a future" that expressed support for the Pebble Project.
"Do I support what Pebble could bring? Sure I do, and so do many of my friends, family and neighbors."
So often we only hear about the vocal minority that opposes. The perspective in the article is a refreshing reminder that most natives want to work and support their families and would welcome working in a future Pebble mine.
https://twentydollarsashareorbust.blogspot.com/2020/06/northern-dynasty-minerals-could-force.html
Great, informative site.
Scottrader, I am a long. I believe developing this mine will be for the great good of our country. Our nation will not be as dependent on foreign entities for our much needed resources.
Nonetheless, I would like to thank you. I do appreciate your concerns. I believe because of the strident opposition, NAK will exceed expectations in every way.
I believe because of the intensity of opposition, those in charge of NAK have done everything possible to do the right thing for our land--and will continue to do so. Just as important, if not more so, NAK will help the poorest in Alaska. People will work hard, earn much and hold their heads high.
There are many "pebbles" in this caldera, NAK does not want to mess things up. I believe we all are going to be very proud of the actions of this company.
Express all your concerns. It sounds to me as though NAK is listening and acting wisely for the good of all.
So many knowledgeable people on this board. Thanks so much!
The Federal Regulators: After FEIS and ROD, it is difficult for any legal challenges to stop mine production, even those from whomever is the next president, because that person will not take office until after ROD.
Thanks so much for this article post.
Thanks so much. Very informative. Appreciate it.
President Trump has signed an executive order to expedite the permitting of new infrastructure and energy projects as a way to address the economic downturn driven by the Covid-19 pandemic, several news outlets report. The order waives several long-standing environmental laws to allow for the faster approval, including the Endangered Species Act and the National Environmental Policy Act (NEPA), according to The Washington Post.
https://e360.yale.edu/digest/president-trump-to-sign-executive-order-waiving-key-environmental-laws
Lol. No doubt!
I imagine China would love to buyout NAK. Thoughts on that possibility?
Agree that NAK is most probably talking with very interested parties. Just curious to see if the major will sign something before Trump’s re-election or after. Thoughts?
Dittos. Agreed.
Great find!
Pebble Project CEO Tom Collier has Not Sold a Single NAK Share Since Initiating Ownership in 2014
Source: https://twentydollarsashareorbust.blogspot.com
Very impressive site. Sidebar has a lot of interesting research.
President Trump will sign an executive order Thursday instructing agencies to waive long-standing environmental laws to speed up federal approval for new mines, highways, pipelines and other projects given the current “economic emergency,” according to four people briefed on the matter who spoke on the condition of anonymity in advance of the formal announcement.
“Declaring an economic emergency allows the president to invoke a section of federal law “where emergency circumstances make it necessary to take an action with significant environmental impact without” observing normal requirements imposed by laws such as the Endangered Species Act and the National Environmental Policy Act. These laws require agencies to solicit public input on proposed projects and analyze in detail how federal decisions could harm the environment.”
https://www.washingtonpost.com/climate-environment/2020/06/04/trump-sign-order-waive-environmental-reviews-key-projects/
"I don't get why.." If it's true, as many believe, that this mine is of national importance then, one can only guess as to why there are those doing whatever they can to keep NAK going down.
Nonetheless, it will be built.
2020-06-01
Short Volume 2,928,752
Market Volume 7,826,200
Short Volume Ratio 37%
Source: https://fintel.io/ss/us/nak
Interesting your mention of a JV. As I listened to a YouTube vid between Katusa and Thiessen, I felt as though Ron would gladly welcome a JV. Nothing concrete--just an impression. With all the other "pebbles" it makes one wonder. Something like that (JV) might be really good for NAK and the nation. We'll see....either before the election or after. LOL.
LOL Agreed.
JMO No buy out until after elections. Things will escalate and be very hot this fall.
Short volume: 7,795,421 (2020-5-29)
Market volume: 22,275, 400
Short Volume Ratio: 35%
Source: fintel.io/SS/us/nak
The Pebble deposit in Alaska holds a particularly large store of rhenium on U.S. soil.
The Pebble deposit hosts 6.46 billion metric tons of measured and indicated resource averaging 0.4 percent (56.9 billion pounds) copper, 0.34 grams per metric ton (70.6 million ounces) gold, 240 parts per million (3.4 billion lb) molybdenum and 1.7 g/t (344.6 million oz) silver.
Calculations completed in 2011 estimates the measured and indicated resource contains roughly 0.45 g/t rhenium, which equates to around 2.9 million kilograms, or roughly US$6.4 billion, of the critical superalloy metal.
This is enough rhenium to supply the world's needs for more than four decades at 2017 consumption levels and does not account for the rhenium contained in the 4.45 billion metric tons of inferred resource outlined at Pebble.
USGS believes rich stores of rhenium at Pebble could be indicative of Alaska's larger potential for this superalloy metal.
Beyond this, we are in an economic war with China. But preaching to the choir about the importance of all our resources being developed.
LOL. Hat Tip to you!
Hi, in the post below LBSR talks about the different scenarios of a Peeble buyout (100%, 50%, etc.)--with NAK remaining in the exploration business...
Can anyone tell me what the different options of a partial buyout might look like concerning our shares? Do they port over to the buyout company in anyway?
Thanks, I understand you are just helping me understand possibilities and are offering your best options and ideas. (And things could end up very different.)
Thanks!
LBSR TO DA MOON Member Level Wednesday, 08/14/19 06:41:30 PM
Re: Bruce the Stock Guy post# 19253 0
Post # of 22329
As much as I and my 1M NAK shares would love to see a buyout by mid-October, in my opinion there is absolutely 0% chance of that happening.
First of all, I don't believe NAK is for sale at any price. What is possibly up for sale is NAK's 100% interest in Pebble Limited Partnership (PLP). The most likely scenario is NAK selling a 50% interest in PLP and becoming equal partners with one of the majors, as has been done in the past. I believe the long term plan for NAK is to drill the claims they received from LBSR years ago, as the possibility exists that those claims contain several "Pebble-sized" deposits.
In my opinion, the chances of a NAK partnership and/or a buyout of their 100% PLP interest are as follows:
Less than 10% - Prior to release of the Final EIS (which I believe has a 50/50 chance of being released prior to the end of 2019);
Less than 50% - Prior to Record Of Decision (which I believe has a 50/50 chance of being released prior to Q2 2020); and
100% - After Record Of Decision (regardless of whether or not the ROD includes restrictions).
As always, time will tell. Back to lurking...
Also, we don't know if there were time constraints on the options sold.
I don't know how options work.
Nonetheless, In the last 30 days, insiders have sold $100K worth of NAK shares and purchased $2.02M worth of NAK shares
Pebble has studied the ‘northern transportation corridor' for more than a dozen years, and expects no planning or permitting delays associated with its selection as the LEDPA.
The northern transportation corridor has the added benefit of including a pipeline to transport copper-gold and molybdenum concentrates from the mine site to the port site, thereby reducing truck traffic in the region by about half.
Collier said the announcement of a preferred development alternative for Pebble means a final permitting decision is one step closer.
"From the beginning, we have been clear that developing an Environmental Impact Statement for a project like Pebble is an iterative process with no predetermined outcomes," he said. "The USACE's selection of the ‘northern transportation corridor' as LEDPA clearly shows this to be the case, and demonstrates the permitting process working as designed to incorporate the views of expert regulatory agencies and members of the public to identify the best development option."
Great entrepreneurs are always flexible. Good solution for Alaskans and their environment.
Quite impressive.
As I understand it, the 28th is when they stop taking questions. When the FEIS is released has not been stated definitively. However, I imagine it won't take long after the 28th. I can't imagine anything new being stated on the 28th that hasn't already been said by those opposed to Pebble.
"Trump signs executive order to cut regulations that 'impede economic recovery"
I am guessing that this will not really effect the FEIS--since it's already done according to the higher, more difficult standards.
But I am wondering if this new EO with a lower threshold might enable a slam dunk against any type of lawsuit the opposition is planning when the ROD comes out.
I realize that the lawsuit, even though NAK will be named, will really be against the findings in the FEIS. Not a thing to be concerned about.
Thanks for any thoughts. Always fun!
On the daily posts-just below the price for each buy-is the chart showing the number of shares purchased. Why are some of the bars red while others blue? And some have both colors in the same line? And green? Thanks
Thanks so much. I appreciate all the help. And patience.
In case there was something to the law suit—even though DOA—I didn’t want longs to be caught off-guard.
Yes, I think the next few months will be very interesting.
Hope your family is doing well.
FYI: Ma’am not a Sir
Agreed. But wondering how long it might take for judge to dismiss NAK as one of the defendants. Just thinking we might need to be aware of possible outcomes. But you are right--the suit would be against EIS. (And useless in the end.)
Thanks for your feedback. I don't know any of this legal stuff...
If short sellers wait until the planned lawsuit* is announced--right after the ROD is released -- guessing this would bring price way down and scare off buyers???
(*Per the conversation between Theissen and Katusa) ROD lawsuit is
Any thoughts?
Great. Will do.
I wonder what Jesse Livermore would say about today's stock market... Jesse Livermore (July 26, 1877 – November 28, 1940)
Was anyone able to "buy" shares that were not theirs?
Not sure how all this works.
As long as a stock is acting right, and the market is right, do not be in a hurry to take profits.” – Jesse Livermore
I am a NAK long but nevertheless curious as to how the times/laws have changed.
Hi Stargazer, Thanks always for your insights.
Like many who buy a few shares in a few companies (and are not traders by a long shot) I don't get how anyone can buy shares they don't have. To my way of thinking, this is immoral.
At any rate, this is the question I have for you-anyone: Might the short sellers have a strategy to hold until the ROD comes out? I heard Thiessen say that there will be a law suit against NAK when it comes out to stop them from moving ahead. (But he also said it would really be against the Army Corp.) Imagine it might take a bit of time to throw out the suit against NAK.
Of course all this is speculation but IMO I believe the opponents will not be giving up. This mine is an important resource for our country in becoming less dependent on hostile countries. IMO.
Thanks for any thoughts. Wild or otherwise.
You’re probably right. So long ago. Yes definitely worth something.
Pretty sure LBSR did drill one hole-right adjacent to NAK property. I believe the hole was on the NW. part of NAK property. At any rate, results were not made public but NAK retired LBSR debt —I think about 3 M —in exchange for the ownership of the claim.
A lot happening these next few months. Thanks for the info.