I am not a win-at-all-costs capitalist...
It is important to me that there are regulatory bodies to ensure some degree of environmental and social accountability, especially since a mine this size will affect an entire sector or market if something goes BP. There certainly needs to be oversight and all possible safety measures or the folks wanting to hold this stock for decades will have much more risk built in.
I am invested here because I am reasonably sure that they won't leave those deposits in the ground, considering Alaska's history of minerals resource development and the long-term policy view taken by the state and federal authorities on these lands since 1988. Also, the deposit and it's value as a sovereign currency hedge just added another 12% of tonnage while it's mineral values jumped up again. Greed wins folks, so lets try to do the right thing along the yellow brick road.
Just because the world needs these resources doesn't mean there shouldn't be heavy forethought and contingency planning. I'm obviously betting that this project will eventually happen, but it could happen many different ways. An environmentally sensitive plan will give the best chance of long-term sustained development, i.e. allowing a plan that can make all the claims commercially available.
And yes, NAK's 2 billion will likely buy a few senators along the way, plus a few EPA hotshots. And honestly, when was the last time they turned down serious development and infrastructure money in Alaska? Corporations rule about 99% of the time, it just takes longer, and more parks and schools have to be built and named after skeevy public servants who hold out for their own slice.
That said, we should be over .25 right now. &%$*!
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