$NAK ~32-yrs initial discovery. ~20-yrs current proponent. ~$1 billion spent. -No permits. -Incorrect mine plan. Deficient DEIS. -No proven/probable mineral “ore reserve“. -Concentrate to be refined in Asia/China. ~545m shares. Cash burn rate. Dilution coming? -3 admins against. AK senators against. Majority of Alaskans against? -Governor powerless. State regulations can’t be circumvented. -AK legislature approval required. -USACE 404 permit ROD negative. -EPA withdrawal process. -3-5 companies walk. No jv/buyout interest. -Not a mining company. No intention of being mine operator. -No financing interest. No metal streaming. -Appeal decision late 2022/23. Denial? -No “taking” or gov. compensation.
1
4
4 Likes