Post by
stargazer1 on May 29, 2021 8:37pm
You failed to mention something
When you posted
"to all the rest of you stunned wishful dreamers, Trump coulda hustled this through, and chose not to. You really think someone else will ? There's lots of gold/copper that's cheaper to get, easier to get, has lower capex, fewer environmental challenges and much more political support, some in the USA, some in Canada, some elsewhere....find a few projects you like, and buy in....you'll make money, instead of watching your investment here decline to...zero...while listening to others pump like mad hoping to at least get their original investment back.....they won't, you won't,...wake up, smell the coffee, start afresh.
And good luck with your new investments....there are some fabulous projects out there, with massive profits to be made........."
Pebble would be the largest mine, by magnitudes, in the world. It is easy to mine. True, it is in a remote area, but so are most of the worlds greates mines. It will be one of the most profitable mines in the world, and its Life of Mine is over 200 years, well over 200 years. Its gold and copper ore deposit is massive, but they are not the most important ores it contains. Analysis of the geology of its Alaskan site has shown that it has a gigantic deposit of rare earth metals, enough to make America independent for over 100 years, plus it has massive amounts of tellurium, which essential for many green technologies such as desalination plants, it brings down their costs to 1/10 of what they now are. They can be used to make ocean water drinkable for Far East countries, and even can be used for the gigantic brackish acquafers, such as the ones under drought prone Texas. Gold, copper, and silver are monetary metals, but it is the rare earth metals and tellurium, plus other strategic metals in the Pebble deposit that are really needed for us.
It will be years before Pebble finally gets its approval. Biden last week announced that he is going to be outsourcing rare earth metals to mines in China and elsewhere, rather than America. Hard to figure out his reasoning.
Even so, eventually Pebble will prevail.
But as you say, in the meantime, there are multiple other opportunities for now. However, I point out that when Pebble is approved, if you compare it to similar sized mines, its stock price will be over $100. So a $1,000 investment now, considering that NAK's price is well below a dollar, could,eventually, if it does get approval, be worth over $200,000. That looks like a good risk/reward ratio.