Thank you for sharing your perspective! I’d love to clarify a few crucial points about mining economics that highlight their complexity and potential. Mining isn’t structured to operate at a loss intentionally. As a shareholder, would you invest in a company that didn’t make any money? Operational margins in the industry hover around 10% and tax incentives help, but don’t eliminate the inherent financial challenges and risks. The future Ambler Road will serve as a vital corridor, with its cost playing a massive role in the overall economics of any mining project. Discussions about subsidies or cost-sharing are ordinary and necessary, especially for projects that promise to boost job creation and state revenue. Alaska’s state government is funded via royalties from projects like this, and as Alaskans, we get to share in the benefits via the permanent fund dividend. Ultimately, these initiatives contribute significantly to Alaska’s economy, delivering valuable wages and contracting opportunities that deserve recognition for their positive impact!
Regarding the impact on caribou, I think it’s overstated. Anyone who hunts the haul road would know the caribou cross it constantly. They also get heavily harassed by hunters and must dodge haul trucks, which come every few minutes. Yet the central Arctic and the porcupine herd are at or near all-time highs. In my years of bow hunting the haul road, the bag limit for Alaskans has gone from bulls only to any caribou.