I would be calling on China and other majors and figuring out way to try and steal this from shareholders at $10. The marginal cost "all in" cost of mining copper is probably close to $3.50 for new mines.
This includes the equity to buy the mine, permitting, engineering and drilling, CAPEX, and cash cost per ounces. Not to mentioned the depletion of the world's largest mines and rapid decline in copper grades over the past twenty years.
For a far sighted investor, the magic of the markets, and capitalism will eventually find a way to safely build this mine, while keeping the fish and Bristol Bay safe. Comparing mining disaster in Romania or other less advanced countries is apples and oranges.
Also, remember, Alaska has a land mass larger than California and Texas combined and a population of 725K people.
Susan - you are such a intellectual light weight and have no clue how to invest. You are short 500 shares of NAK and boldly proclaim it is going to $0.40. It is scary the strong opinions you have unsubstantiated by sound reasoning. We know about the EPA, PBS videos, etc. Make a big bet on the short side, post your trade, and let's see what unfolds. If you don't own NAK or are not short NAK then why do you care. Why do you care and have such strong opinions, yet you have no economic interest in the company. I'm just sayin'