“......The U.S. Geological Survey lists the Pebble resource lands as the most extensive mineralized system in the world.”
“...... a resource estimate includes 5.94 billion tonnes in the measured and indicated category containing 55 billion lb copper, 66.9 million oz gold and 3.3 billion lb molybdenum;and 4.84 billion tonnes in the inferred category, containing 25.6 billion lb copper, 40.4 million oz gold and 2.3 billion lb molybdenum.”
In 2010 Northern Dynasty estimated the value of these resources to be 300 billion dollars. At todays prices the value of these resources is even greater, somewhere between 500-800 billion dollars. A mind numbing figure.
Northern Dynasty Stock is considered to be undervalued. ....Seering succinctly summed up the Northern Dynasty bull case: "Value of minerals in the ground, priced even conservatively, makes this stock a bargain."
I mean who wouldn’t want to plink down $15,000 today and buy Northern Dynasty Stock at 14.55 per share only to double or triple their money in a handful of years. I certainly could use an extra $30,000!
When thinking in only monetary terms it seems like a reasonable gamble.
However.........
In looking at mining history and all of the potential and actual environmental damages that mines have caused and that have to be dealt with for generations to come it is clear why there is so much opposition to this proposed development. From acid mine water and block caving leading to subsidence, along with the seismic risks posed to the tailing dams, it is clear that the risks to the Bristol Bay Watershed are very real if not likely. Please see... www.pebblescience.org/ and http://www.
The toxic tailings produced from the mine would have to be held in perpetuity, long after our lives are over. The real question then becomes what legacy do we want to leave our children and people of future generations. It is my belief that the negative consequences that can stem from mine development at the Pebble Project far outweigh the positives not only for Alaskans but for people worldwide.
Keith Harjehausen
I agree! The Pebble mine has too high an environmental cost. The damage to the water system and the fisheries will not be worth it. The single most convincing thing to me is the anti-Pebble commercials about the mines in Montana that have irreversibly damaged the water and the land. The people there say that their children and grandchildren have been left with a blight on the land and water. Why would anyone want that for our Alaskan children and grandchildren? Money isn't everything.
ReplyDeleteDawn Hibbert
The Pebble Partnership keeps talking up the economic benefits of the mine to Alaska. I just don't see any large numbers of new jobs, especially jobs that Alaskans could fill. Also, under the current tax structure we could see almost no monitary benefit to the state once they write off all their international expenses before they pay their taxes. An example is Exxon last year; even though they made billions in proffit in America, they paid $0 in income tax once they wrote off their expenses. The same could happen to the meager 3% tax that is proposed. I feel that the current fishery is a much better economic benefit to Alaska, it's sustainable and won't leave around toxic waste for us to deal with forever.
ReplyDeletePat Murphy