Reason #3: The Fish Argument
One of the big arguments against the Pebble Project was that the possibility of interrupting the natural environment of fish in the region would have a direct economic impact on the people of Bristol Bay.
In the article, the authors pointed to the short fishing season as one of very few sources of jobs in the area. However, the emphasis on the fact that the season was short, and not large enough to support the economy was made.
There are a couple of things to consider here. First and foremost, the Pebble Project has made several changes to ensure that no environmental impact on spawning salmon or other fish species will take place.
The Army Corps of Engineers have largely come to the conclusion that this is the case.
While these facts are indeed facts, many against the Project continue to argue that the fishing industry is so important to the people of Bristol Bay that any potential impact could be a major hit to the economic stability in the region.
The people of Bristol Bay seem to disagree with this assessment. Not only do they believe that the Project will have little to no effect on the fishing season, they also seem to have an opinion that the economi benefit provided by Pebble would outpace any danger of economic damage within the fishing industry.
Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!
Pebble is the most important asset for Northern Dynasty Minerals. With few other assets an just about zero acquisition value, the company needs to get Pebble going if it is going to provide a return to investors.
While I can’t tell the future and can’t say that it will take place, I will say that NAK investors got a glimmer of hope today and validation in the fact that the company is on the right track.
Don’t Miss The Next Big Story!
Join our free mailing list below to receive real-time news alerts!