Actually if traders are relying on the kerrisdale report for investment guidance at this stage, its bad news for shorts
Majors invested 750 million in the project prior to getting unlawfully veto'd by the EPA
Those of us with 20 years of mining knowledge /investing are quite aware that;
1. Mining companies don't need to invest 750 mil and don't commit to 1.5 bn in further investments in order to determine economic viability- indeed a mining company can determine economic viability for a much lower cost (this is what they do for a living lol), and therefore, they wouldn't sink that much money into Pebble if it were not economically viable -this is simply common sense, one doesn't have to actually know mining to understand this point
2. Oddly, Kerrisdale made this claim but had no financial or mining data to back this assertion (thus a baseless claim)! laughable really, I think a first year finance student could have written a more in depth analysis - Kerrisdale didn't even understand mineral grades! lol
3. If utilizing Kerrisdale's arguments as a guide for trading be aware, that their report is not well versed in the reality of this project and thus is a trap for those shorting now.
All the best of luck, know your risks!