Alaskans are used to seeing apocalyptic images about the Pebble mine. TV ads opposing the large copper-gold prospect near Iliamna cast images of toxic sludge cascading down mountain valleys into Bristol Bay, killing all the salmon.
Is the hype shoe now on the other foot? It’s jarring, but sponsored-content pitches are now showing up on mainstream Internet sites touting Pebble, posted not by owner Northern Dynasty but by people touting Pebble’s stock.
The headline blares: “Is this tiny gold miner about to soar? Will Trump open development of the world’s biggest gold mine … right here in America?” With a new friend in Washington — meaning President Donald Trump — Pebble’s ultimate development is a no-brainer, the story goes.
“I want to share with you one of the most extraordinary opportunities I’ve seen in my career … You could potentially make up to 1,000% over the next year with a small company that owns the entire thing,” stock analyst Porter Stansberry writes.
Stansberry is promoting his market-research newsletter, he acknowledges.
“This mine, by the way, is in Alaska,” he says, “and there’s estimated to be more than 107 million ounces of gold. There’s so much gold here that if it is all mined, it will equal nearly 2 percent of all the gold that has ever been mined throughout all of history … in the entire world.”
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