The Twitterverse is buzzing after President Trump posted this tweet on Twitter about the Pebble Mine project in Alaska.
Don’t worry, wonderful & beautiful Alaska, there will be NO POLITICS in the Pebble Mine Review Process. I will do what is right for Alaska and our great Country!!!
— Donald J. Trump (@realDonaldTrump) September 17, 2020
This comes on the heels of an ad that ran during Tucker Carlson Tonight.
The president's tweet promising that there "will be NO POLITICS in the Pebble Mine Review Process" came less than two hours after this ad, paid for by the developer, aired on Tucker Carlson's Fox News show tonight — using the exact same language pic.twitter.com/ORdHh4MYLB
— Alex Guillén (@alexcguillen) September 17, 2020
With the election less than two months away, Trump needs a win and he needs to rally his conservative base. Approving the Pebble Mine project via EXECUTIVE ORDER is what he needs to do for Alaska’s economy and to spur job growth. An Executive Order allows President Trump to bypass Congress and approve the Pebble Mine project IMMEDIATELY. As we take a closer look when President Trump says NO POLITICS, he is actually talking politics and what is best for him. We don’t even think his idiot son, Don Jr., can influence him now.
Northern Dynasty Minerals
The Pebble Mine project President Trump is talking about is owned by Northern Dynasty Minerals, NAK stock on the NYSE Market. Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty’s principal asset, owned through its wholly-owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit. PLP is the proponent of the Pebble Project, an initiative to develop one of the world’s most important mineral resources.
Politico Hit Job
The controversy surrounding the Pebble Mine project was amplified last month when environmentalist Alex Guillen published a post on Politico that President Trump was going to block the Pebble Mine project. Without any sources to back this up, Alex Guillen committed the greatest breach of journalistic malpractice that we have ever seen. He said:
“Corps officials will say outstanding technical issues with a key permit remain, the people said, adding they anticipate Trump will then follow with a public statement opposing the project. The people said they’re not entirely sure what form Trump’s disavowal will take, although they said it is more likely to come as a rejection of the Army Corps of Pebble’s water permits rather than a veto from EPA.”
There was no basis or evidence. Just hearsay. Matter of fact, because of the article, Corps officials sent a letter stating that the process described in explosive terms by the media was really just part of the usual mitigation process that is now being defined — how will the Pebble Partnership make up for lost wetlands at its proposed mine in Western Alaska? How will it protect the valuable fisheries in Bristol Bay?
Jr. Is An Idiot
The funniest part about the Politico hit job was that President Trump would listen to his idiot son about anything. Here is what has been said about Don Jr.
“He’s not the sharpest knife in the drawer,” the president reportedly said in 2017, after the full extent of Don Jr.’s haphazardly arranged Trump Tower Moscow meeting came to light.
POTUS’s less-than-flattering portrait of his son is shared by others who’ve dealt with him outside of MAGA pep rallies. In 2017, the Daily Beast reported that campaign staffers had nicknamed Don Jr. as “Fredo.” That was a reference to the not-so-bright son of The Godfather series—even before CNN anchor Chris Cuomo claimed it was an ethnic slur.
“President Trump was very quick to tell everybody that he thinks Don Jr. has the worst judgment of anyone he’s ever met in the world.”
Trump’s ex-wife Ivana recounts in her 2017 book, “Raising Trump,” that when she suggested naming their newly born first child Donald Jr., Trump protested: “You can’t do that! What if he’s a loser?”
The Pebble deposit in Alaska holds a particularly large store of rhenium on U.S. soil.
The Pebble deposit hosts 6.46 billion metric tons of measured and indicated resource averaging 0.4 percent (56.9 billion pounds) copper, 0.34 grams per metric ton (70.6 million ounces) gold, 240 parts per million (3.4 billion lb) molybdenum, and 1.7 g/t (344.6 million oz) silver.
Calculations completed in 2011 estimates the measured and indicated resource contains roughly 0.45 g/t rhenium, which equates to around 2.9 million kilograms, or roughly US$6.4 billion, of the critical superalloy metal.
This is enough rhenium to supply the world’s needs for more than four decades at 2017 consumption levels and does not account for the rhenium contained in the 4.45 billion metric tons of inferred resource outlined at Pebble.
Rhenium is critical for the US military. The turbine engines in older generation U.S. military aircraft, such as the F-15 and F-16 fighters, were made from a nickel-based superalloy containing 3 percent rhenium. The turbines in newer generation fighters, such as the F-22 and F-35, contain 6 percent rhenium.
The U.S. must not let China stop Pebble Mine that has rare earth metals we need. China is relying on Beijing-based short-seller J Capital Research to spread lies about NAK stock with the goal of scuttling the mine project. President Trump is too smart to let this happen.
There is no surprise that a Chinese firm would be trying to torpedo the mining project. China has long sought to dominate ownership of rare earth minerals and recently it has been discovered that Pebble Mine would produce a large quantity of a rare earth metal, rhenium, which is instrumental in building aircraft engines. Rare earths are essential for the production of many military and high tech items, and attempts by a Chinese short seller to undermine Pebble Mine should be rejected out of hand.
Why Pebble Mine Will Be Approved By President Trump
Here are a few reasons why we believe the Pebble Mine project will be approved by President Trump.
- Pebble Mine will create over 2000 jobs with an average salary of $100,000 per year.
- The state of Alaska will receive $970 million to $1.32 billion in royalties for over 20 years. You have to sell a lot of fishing licenses to Chinese tourists to offset that.
- Lake & Peninsula Borough and Bristol Bay region are characterized by high levels of unemployment, high cost of living, decreasing population, outmigration, and school closures.
- President Trump is a job creator, not a job destroyer.
- He loves coal, so why wouldn’t he love copper, gold, silver, rhenium, and molybdenum. His penthouse in New York is all gold after all.
- Obama was against the project, so naturally, Trump will be for it.
- If Biden is against Pebble Mine, President Trump will be for it. Joe Biden: “It is no place for a mine.”August 9, 2020
- The US Army Corps of Engineers published a favorable Final EIS for Pebble Project on July 24, 2020.
- President Trump cannot let China beat him.
We believe President Trump will approve the Pebble Mine project. Most were thinking the ROD wasn’t coming and explains the depressed share price in NAK stock. The fact is the Pebble Mine can be mined safely. No harm to the salmon runs. Most of the opposition is from people who have agendas that have nothing to do with the salmon runs. One person has opposed the mine because he has a lodge in the area. He just wants the project stopped for personal reasons.
For investors, read the tea leaves. There was no reason for President Trump to tweet unless he is going to approve the Pebble Mine project. The state of Alaska needs jobs. President Trump needs a win in November. Approving the Pebble Mine project is a win-win for Alaska and Trump.
As always, good luck to all (except the shorts)!
WHEN INSIDER FINANCIAL HAS A STOCK TIP, IT CAN PAY TO LISTEN. AFTER ALL, OUR FREE NEWSLETTER HAS FOUND MANY TRIPLE-DIGIT WINNERS FOR OUR SUBSCRIBERS. WE SPECIALIZE IN FINDING MOMENTUM BEFORE IT HAPPENS!
Disclosure: We have no position in NYSEMKT:NAK or any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.