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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (166751)1/5/2021 9:50:58 AM
From: Horgad  Read Replies (1) | Respond to of 217711
 
I am sure you know, but there are a ton of class action lawsuits in the works for misleading shareholders on the odds/timeline/ease of getting permitting and also a potential lawsuit in NAK favor against government for selling them misleading, worthless mining rights and all of the $$'s spent going through the process of acquiring a permit when there was no chance of ever getting a permit...

IE NAK may be worth only the sum of existing assets, plus lawsuit for, less lawsuits against, and less burn rate. Right or wrong, current market cap is 198.6 million.

Yesterday I thought maybe it was rallying with the miners in general, but today seems to confirm, as you said, that there is something more going on here....



To: TobagoJack who wrote (166751)1/5/2021 9:54:38 PM
From: Snowshoe  Respond to of 217711
 
New NAK theme song... ;)




To: TobagoJack who wrote (166751)1/10/2021 5:20:01 AM
From: Snowshoe  Read Replies (3) | Respond to of 217711
 
Dunleavy will appeal permit denial for the proposed Pebble Mine
By Rashah McChesney, KTOO - Juneau - January 8, 2021

Alaska Gov. Mike Dunleavy announced Friday that the state is appealing the U.S. Army Corps of Engineers’ decision to deny a permit for the proposed Pebble Mine.

In a statement from the governor’s office, Dunleavy called the denial a “dangerous precedent” that would harm Alaska’s future.

His Department of Natural Resources Commissioner Corri Feige said it has “ominous implications for our rights as a state to develop our resources for the benefit of all Alaskans.”

The Army Corps denied the permit after determining that the plan for the mine would not comply with the Clean Water Act, and that the project is not in the public interest.

Fishermen and tribes in Bristol Bay have been fighting the project for more than a decade.

If built, the open-pit gold and copper mine would be one of the largest in North America.

Dan Cheyette, Vice President for Lands and Resources at the Bristol Bay Native Corporation, said they “completely disagree” with the governor’s decision. He said the corporation has “always held” that Pebble is unlike any other resource development project.

“Because of its location, because of its size, because of the type of deposit that it is, and the fact that it is in the midst of one of the world’s greatest wild sockeye salmon fisheries, it can’t be judged against any other project,” he said.”

Cheyette said he believes the Army Corps will uphold its decision to deny the permit.

The United Tribes of Bristol Bay are strongly opposed to the project.

Full story:https://www.alaskapublic.org/2021/01/08/dunleavy-appeals-permit-denial-for-the-proposed-pebble-mine/