🏔️ NAK Nation — The Briefs Are In. Here Is What You Need To Know. 🏔️
As we all know, Northern Dynasty and Pebble Limited Partnership filed their reply brief in case 3:24-cv-59 before Judge Sharon Gleason in the US District Court for the District of Alaska yesterday (April 14).
The State of Alaska and the Iliamna Natives Ltd and Alaska Peninsula Corp also filed their reply briefs. The briefing record is now complete. Judge Gleason can rule at any time.
I am not a lawyer. This is not legal advice.
I've been reading the briefing over the past several hours and I wanted to share my thoughts with NAK Nation as soon as possible. With that said here is my honest assessment of what these briefs contain and why they matter.
The Opening Line Says Everything
Northern Dynasty's brief opens with this question directed at the EPA.
"What devastating harm justifies destroying an over one billion dollar investment and depriving the nation of 800 billion dollars worth of its mineral wealth?"
That is not a gentle introduction. That is a direct challenge. And the brief spends 76 pages answering it with documented evidence from the EPA's own administrative record.
The EPA Has Been Retreating From Its Own Arguments
The most important theme running through Northern Dynasty's brief is a pattern that repeats throughout every section. PLP identifies a specific factual claim the EPA made in the veto. Documents that the claim is irrational or directly contradicted by the Final Environmental Impact Statement. Then shows that when challenged in court the EPA retreated from or disavowed that very claim.
When an agency cannot defend in court the findings on which it based its decision that is the textbook definition of arbitrary and capricious agency action under the Administrative Procedure Act.
The FEIS Is The Gold Standard And The EPA Ignored It
The 5000 plus page Final Environmental Impact Statement was prepared by AECOM an independent and highly experienced consulting firm. It is the most comprehensive scientific analysis of the Pebble Mine project ever conducted.
The FEIS found the 2020 Mine Plan will have no measurable impact on Bristol Bay fish populations. The EPA left that conclusion undisturbed in the veto. Yet the EPA simultaneously counted the preservation of the Bristol Bay fishery as a benefit of issuing the veto.
You cannot simultaneously find no measurable impact on Bristol Bay fish populations and count the preservation of Bristol Bay fish populations as a benefit of your decision. That is internally contradictory on its face. Northern Dynasty documented this with specific administrative record citations. The EPA has no response.
The 27 Coho Argument
This is the most memorable argument in the brief and I want to make sure NAK Nation understands it clearly.
Only 27 salmon have been observed spawning in the only reach that would be affected. From only one species. In one reach.
The EPA's position in litigation reduces to this. Any tiny stream with any single salmon must be preserved because that salmon is likely to have some genetic diversity and under EPA's portfolio theory every theoretical iota of genetic diversity must be preserved. No matter the cost.
Northern Dynasty documents that those 27 salmon might disappear naturally in any given year. Commercial fishers take 1000 times as many from the Nushagak District every year. The FEIS concluded the impacts would not be measurable and would fall within the range of natural variability. The EPA agreed with that finding. Then disregarded it anyway.
The EPA is preserving 27 salmon at the cost of 800 billion dollars of national mineral wealth. And when challenged in court the EPA's response was that the number of salmon in a stream does not matter.
The EPA Did Not Even Count Gold
Northern Dynasty documents that the EPA's economic analysis did not count gold production at all. The Pebble deposit contains tens of millions of ounces of gold. Omitting gold from an economic analysis of the Pebble Mine is not a minor technical error. It is a fundamental failure that renders the cost benefit analysis irrational on its face.
The EPA Applied The Wrong Legal Standard
Section 404c of the Clean Water Act authorizes a veto only if a discharge will have an unacceptable adverse effect. Not might. Not may. Will.
Northern Dynasty documents that the EPA used the word could throughout the veto rather than will. Could is the language of hypothesis and possibility not certainty. Under the Supreme Court's Loper Bright decision from 2024 Judge Gleason must independently determine what the statute requires. The EPA cannot claim deference for its interpretation. And the best interpretation of will is not reasonably likely. It is reasonable certainty.
The EPA Understated Pebble's Copper Contribution
The EPA admitted it understated what Pebble would contribute to US copper supply. The correct figure is double or triple what the veto said. The EPA called this error insignificant.
Northern Dynasty's response is precise and powerful. The EPA regards the putative loss of 0.01 percent of the Bristol Bay Coho population as catastrophic. But a contribution to US copper supply two orders of magnitude larger than that as no big deal. That is not a reasonable balancing of costs and benefits. That is an agency that had already decided the answer and worked backwards.
The State of Alaska Brief
The State of Alaska filed its own separate brief making six independent legal arguments. The strongest is this. The EPA drew its defined area around land not water. Section 404c only authorizes EPA to act within waters of the United States. The EPA never established which specific water features within its 309 square mile defined area were actually jurisdictional waters. It simply assumed they were.
The EPA admitted this in its own brief. The State of Alaska used that admission directly against it.
The State also argued that the Alaska Statehood Act uses the word shall in conveying mineral rights to the state. Shall is mandatory under settled Supreme Court precedent. The federal government made a binding promise to Alaska at statehood. The EPA cannot override that promise without clear congressional authorization it does not have.
The Native Corporations Brief
Iliamna Natives Ltd and Alaska Peninsula Corp represented by the Pacific Legal Foundation argued that Section 404c is unconstitutional under the nondelegation doctrine. The federal defendants admitted in their own brief that the EPA Administrator has unfettered discretion to decide whether to issue a veto or do nothing. No intelligible principle guides that choice. Under the Supreme Court's own precedent from Panama Refining Co v Ryan that is an unconstitutional delegation of legislative power.
What Happens Next
Judge Gleason now has everything she needs to rule. She can rule at any time. There is no required waiting period. Her ruling could come in days weeks or months. That uncertainty is real and your investment thesis should account for it.
What I can tell you is this. The complete plaintiff coalition has presented Judge Gleason with a comprehensive and multi-layered legal challenge that gives her multiple independent paths to vacate the veto without ever reaching disputed scientific questions. She can decide this case on statutory text and documented administrative record failures alone.
The briefing record is STRONG. The EPA's documented retreats from its own stated rationales in litigation are particularly damaging to the government's position.
The destination remains the same. The world's largest undeveloped copper deposit. 57 billion pounds of copper. 71 million ounces of gold. On Alaska state land. Blocked by a veto that multiple plaintiffs have documented as unlawful on multiple independent grounds.
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The largest IPO in history is $SPCX on June 12th valued at $1.75 trillion.
Elon Musk says by 2030 regular people will be ultra-wealthy.
Here's 20 companies directly linked to SPACEX:
1. $ASTS — Satellite-to-phone tech becomes backbone of Starlink's global mobile dead-zone elimination
2. $IONQ — Quantum computing powers SpaceX orbital AI compute satellites launching in 2028
3. $RDDT — Real-time data feeds Grok's truth-seeking AI engine via X integration
4. $RKLB — Rocket Lab fills small-payload launch demand SpaceX's Falcon can't efficiently serve
5. $LUNR — Lunar lander tech directly supports SpaceX's Moon base buildout timeline
6. $ACHR — Air mobility networks integrate with Starlink low-latency connectivity infrastructure
7. $LLAP — Terran Orbital builds small sats riding SpaceX rideshare missions at scale
8. $VIAV — Optical networking components critical for Starlink ground station infrastructure upgrades
9. $AEVA — LiDAR sensors enable autonomous Starship landing and booster catch precision systems
10. $SPIR — Space data analytics layer monetizing SpaceX's growing orbital satellite constellation
11. $KTOS — Defense tech partner powering Starshield national security satellite network contracts
12. $BWXT — Nuclear propulsion R&D aligns with SpaceX's Mars mission power requirements
13. $ARQQ — Quantum encryption secures Starshield government communications on classified orbital networks
14. $LAZR — Luminar LiDAR enables SpaceX autonomous vehicle docking and precision landing systems
15. $OUST — Sensor fusion tech supports SpaceX's booster catch and reusability automation stack
16. $MTSI — RF semiconductors power Starlink user terminal phased-array antenna signal processing
17. $GILT — Gilat Satellite ground infrastructure scales alongside Starlink enterprise fixed-site deployments
18. $SATL — Satellogic high-resolution imaging complements SpaceX orbital AI compute satellite constellation data
19. $TWST — Synthetic biology tools accelerate SpaceX's long-term Mars colonization life support research
20. $POET — Optical interposer chips slash data center power costs inside COLOSSUS AI cluster
Remember, the total market for space economy can be $200 trillion in less than 10 years thats 100x from IPO.
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T-Mobile just joined the $ASTS ecosystem.
This stock could easily soar to over $2,000 a share and here is how.
Every major US carrier is now on board.
Let me show you what that actually means for the revenue math.
AT&T. Verizon. T-Mobile. 500 million US subscribers combined. Plus 50+ carriers globally covering another 2.7 billion.
Total addressable base: 3.2 billion existing subscribers. No new device. No new plan. The carrier flips a switch.
Now here is where it gets interesting.
A December 2025 GSMA survey asked global consumers if they would pay extra for satellite connectivity. 60% said yes. 56% in the US. 89% in India.
That is declared demand from people already inside the $ASTS carrier network.
$ASTS nets $5 per user per month on the broadband add on tier.
Here is what the math looks like at two adoption scenarios on 3.2 billion subscribers.
30% adoption — half of what the survey says people are willing to pay:
960 million users. $57.6 billion in annual revenue. $1,107 per share at 15x P/S.
60% adoption — full survey demand:
1.92 billion users. $115 billion in annual revenue. $2,215 per share at 15x P/S.
And that was before T-Mobile joined.
AT&T, Verizon, and T-Mobile do not spend years integrating satellite infrastructure for a niche product. They are building this as a standard feature for every subscriber.
The survey says 60% of the world already wants to pay for this. The carriers are ready. The satellites are launching.
T-Mobile joining is not a footnote. It is the last piece of the distribution puzzle.
$ASTS was granted SCS in US & granted MSS globally.
While operating MSS frequencies over land requires country by country authorization, operating over international waters does not.
424 MHz of prime lowband spectrum over international waters granted.
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🔻 OBAMA JUST LAWYERED UP. AND NOW WE KNOW WHY.
March 2, 2026. 7:00 AM.
Barack Hussein Obama has retained a team of 9 criminal defense attorneys. Not civil. Not advisory. Criminal.
The same man who told you “Hope and Change” is now preparing for a federal grand jury subpoena expected by March 7.
⚡ THE $150 BILLION LIE
In 2016, Obama sent Iran $150 billion and $1.7 billion in physical cash — pallets of money loaded onto unmarked cargo planes in the middle of the night.
He told you it was a nuclear deal.
It wasn’t.
The DOJ files released yesterday show that $2.3 billion of Epstein’s network ran through Iranian banks. Deutsche Bank. JPMorgan. And Bank Melli Iran — a state-owned bank under Obama’s “nuclear deal” exemptions.
Obama didn’t pay Iran to stop enriching uranium. He paid Iran to store the evidence.
The server farm. The blackmail tapes. The financial records. All moved to Tehran between 2016 and 2019 — on Obama’s watch, through Obama’s channels, with Obama’s money.
Trump just sent the military to recover it. Now Obama needs 9 lawyers.
🔻 THE HARVARD CONNECTION
Two days ago, Lawrence Summers — Obama’s top economic advisor and former Harvard president — resigned from Harvard without explanation.
His name appears on the Butterfly Foundation recipient list. The $340 million Epstein trust.
Summers met with Epstein at least 14 times after his 2008 conviction. At Harvard. At the mansion. At the island.
Obama appointed him as Director of the National Economic Council in 2009 — one year after Epstein’s conviction. Not despite the connection. Because of it.
⚡ THE CLINTON TESTIMONY
Bill Clinton testified under subpoena before the House Oversight Committee this week. First time in history a former president was deposed in a criminal investigation by Congress.
Hillary testified separately. Behind closed doors.
But here’s what matters: Clinton was asked about Obama. Specifically about a 2015 meeting at the Clinton Foundation where Obama, Clinton, Summers, and Epstein’s lawyer were all present.
The subject of that meeting? “Asset relocation.”
Assets. Not money. Not investments. Evidence.
🔻 THE TIMELINE
2015 — Meeting at Clinton Foundation. “Asset relocation” discussed.
2016 — Obama sends $150 billion to Iran. Pallets of cash.
2017 — NSA intercepts CIA black site communications inside Iran.
2019 — Epstein arrested. Then murdered. Tapes “disappear.”
2025 — Trump returns. Bondi appointed. Investigation reopens.
2026 — US military recovers tapes from Tehran. Obama lawyers up.
Every dot connects. Every dollar traces back. Every lie has an expiration date.
And Obama’s just expired.
⟁ The grand jury meets March 7. Share this. The world needs to see the full picture.