New Road In Alaska

[SilentBirdHunter]

Trump signed an executive order yesterday to build a new 211 mile road from
the haul road west to the Ambler mining district.

The proposed route crosses one of the country’s most well-preserved national parks, Gates of the Arctic National Park. Eighty-nine Tribes and First Nations have passed resolutions against the project, and local communities along the proposed route have overwhelmingly opposed its construction.

The road would be a commercial toll road for mining trucks like the Red Dog
road, so no access to the public for hunting or fishing.

The cost of construction is estimated at $2 billion and would be paid by the state of Alaska, with the mining companies expected to reimburse over a 30-year periods through toll payments. The financial viability hinges on the development of multiple mines, and the projections are based on significant speculation about future profits from clean energy technology advancements.

 

[Beignet]

The Federal government, and by extension you, the taxpayer, is now a $35.6m investor and 10% shareholder in the Canadian mining company Trilogy Metals, who is the 50% owner of Alaska based Ambler Metals.

Never thought it’d be this dude nationalizing companies and drifting toward socialism.

Fancy copper cookware and zinc countertops for all!

 

[SAJ-99]

Never thought it’d be this dude nationalizing companies and drifting toward socialism.

Socialism is when it is done for the benefit of society as a whole. When you do it for the benefit of your friends it has a different label.

 

[morley.tyler]

The State is paying for an edict from the Fed? Sounds like an unfunded mandate to me. And 211 miles in Alaska for $2B? Ha! That'll be a $5B road, paid for by the state that state residents cannot use?

Seems like a lawsuit will be filed, which will end up with the 9th circuit, which will stop it, then it'll go to The Supremes. Just a guess.

 

[Letthemgrow]

I want to know who is getting the road construction contract.

 

[Gr8bawana]

I want to know who is getting the road construction contract.

Not that this administration would ever do this

 

[Nick87]

What are they mining there?

 

[SAJ-99]

What are they mining there?

Currently? Nothing. It's in the exploration stage which shows copper and zinc as the primaries.

 

[morley.tyler]

Currently? Nothing. It's in the exploration stage which shows copper and zinc as the primaries.

And Copper mining has been notably clean and never once produced any pollution that has ended up in a SuperFund site...

 

[Nick87]

Currently? Nothing. It's in the exploration stage which shows copper and zinc as the primaries.

I meant what will they be mining for. Thanks

 

[Nick87]

Not that this administration would ever do this

View attachment 388157

Only a complete idiot, would think that cronyism is a partisan issue. Jesus.

 

[Beignet]

Only a complete idiot, would think that cronyism is a partisan issue. Jesus.

I don’t think he implied that cronyism was party specific, or partisan. Rather, that it currently seems rampant and unconcealed. Jesús.

 

[Nick87]

I don’t think he implied that cronyism was party specific, or partisan. Rather, that it currently seems rampant and unconcealed. Jesús.

You must not pay much attention to his posts.

 

[Beignet]

You must not pay much attention to his posts.

I don’t come around as much as used to anymore, admittedly.

 

[Addicting]

I don’t see how a federal executive order can force a state to pay for an unwanted road. I see this tied up in court for decades to come.

 

[Magnum Sherpa]

It’s disappointing that I’ve seen a decent number of Alaska resident hunters arguing in favor of this road. They say it will “increase access to the area for hunters without airplanes.” They must have overlooked the fact that this is planned as a private industrial toll road with no access for the public.

That fact aside, the road will almost certainly lead to a decrease in the game populations in the area. Tags that were OTC previously will probably go to a draw, and hunting opportunities will likely decrease for everyone.

 

[cgasner1]

It’s disappointing that I’ve seen a decent number of Alaska resident hunters arguing in favor of this road. They say it will “increase access to the area for hunters without airplanes.” They must have overlooked the fact that this is planned as a private industrial toll road with no access for the public.

That fact aside, the road will almost certainly lead to a decrease in the game populations in the area. Tags that were OTC previously will probably go to a draw, and hunting opportunities will likely decrease for everyone.

Without seeing any other actual facts I’m not worried about it due to im not sure which side is reporting what on this. A toll for commercial use could also mean not a toll for public use. It would make sense to keep a road closed to public during construction I doubt they do after that. A road like that could pull pressure off the haul road and help that herd which has yet to go to a draw. As far as limiting opportunity I’ve hunted moose in ak 3 of the last 4 years and I have about zero interest in paying for a caribou hunt do to the price. I can give you about 8500 reasons why a road like this could actually create more opportunities for the average hunter

 

[SAJ-99]

John Paulson, hedge fund manager of Big Short fame, is a big Trump supporter that raised over $50m for him in a Palm Beach gala. He was also a candidate for Treasury Secretary before withdrawing his name. He also is the largest shareholder in Trilogy Metals.

Cantor Fitzgerald Canada is the co-lead underwriter for Trilogy Metals in distributing new shares of the company that will undoubtedly be needed to fund this road. Cantor is the company Sec of Commerce Howard Ludnick owned and ran before joining the Admin. He gave the company to his kids after he took the Sec job. (wink, wink).

The US stock (TMQ) typically traded 500k shares/day. A few days stand out. 1.6m Oct 1, 1.9m Sept 4, 2.5m July 15, and 1.8m July 8. Will the SEC look at those trades? Of course not. Because they will be told not to.

@Addicting is correct. The probably path is tribes will sue and this will get tied up for a few months if not years. But that isn't the point. Getting the share price up to reward loyalty was the point. And company's/CEOs now know that is they want favorable treatment from the US government, even if that might be for regulatory agencies to look the other way, they need to kiss the ring.

Unfortunately, the US will need copper and we citizens need to have an honest discussion about. The debate on the Pebble mine was better than this. There were public comment periods before on this but there certainly wasn't one on this reversal. But like I said, copper demand isn't really the point here. It's about the money. The funny part is I don't even think there is a copper processing plant in Alaska. Someone will have to check me on that.

Billionaire Makes $72 Million On Trilogy Metals Stock - Trilogy Metals (AMEX:TMQ)

Billionaire hedge fund manager John Paulson has scored extraordinary gains with Trilogy Metals—he's also holding gold miners.

www.benzinga.com

 

[Magnum Sherpa]

Without seeing any other actual facts I’m not worried about it due to im not sure which side is reporting what on this. A toll for commercial use could also mean not a toll for public use. It would make sense to keep a road closed to public during construction I doubt they do after that. A road like that could pull pressure off the haul road and help that herd which has yet to go to a draw. As far as limiting opportunity I’ve hunted moose in ak 3 of the last 4 years and I have about zero interest in paying for a caribou hunt do to the price. I can give you about 8500 reasons why a road like this could actually create more opportunities for the average hunter

The Alaska Industrial Development and Export Authority that is tasked with building and maintaining the road has stated it will not be open to the public. They plan to recoup the $2 billion needed to build the road from truck tolls.

As for the effect on the animals, especially caribou, the Red Dog Mine Road further west near Kotzebue could be a predictor. The Western Arctic herd has been on a steady decline since the Red Dog Mine road was constructed, and their migration path has shifted to avoid that road. The Red Dog Mine road runs east-west, and so will the Ambler road. Biologists in Alaska have stated that the east-west road direction presents a greater disturbance to the caribou which are generally migrating north to south or vice versa. The Haul Road obviously runs north-south so doesn’t have that more disruptive orientation.

 

[INMT]

Without seeing any other actual facts I’m not worried about it due to im not sure which side is reporting what on this. A toll for commercial use could also mean not a toll for public use. It would make sense to keep a road closed to public during construction I doubt they do after that. A road like that could pull pressure off the haul road and help that herd which has yet to go to a draw. As far as limiting opportunity I’ve hunted moose in ak 3 of the last 4 years and I have about zero interest in paying for a caribou hunt do to the price. I can give you about 8500 reasons why a road like this could actually create more opportunities for the average hunter

I don’t think it’s one side or the other. Trilogy is saying on their website it’s a private road.

Trilogy Metals Inc. | Trilogy Metals Applauds President Trump’s Decision to Grant Permits for the Ambler Access Project to Enable the Development of Critical Minerals in Alaska

Trilogy Metals Inc. is advancing exploration at the Upper Kobuk Mineral Projects in Alaska's Ambler Mining District

trilogymetals.com