February 14, 2017 – Update: Shares of mining company Northern Dynasty Minerals (NYSEMKT:NAK) lost nearly 40% of their value this morning after Kerrisdale Capital Management published an article on Seeking Alpha explaining the merits of its short position. Despite your view of the company, an open-minded investor will see that Kerrisdale Capital Management made many solid points in its argument. For more details read: https://www.fool.com/investing/2017/02/14/heres-why-northern-dynasty-minerals-dropped-as-muc.aspx I don’t usually send out posts like this, but it has never been more important for us to be united and stand up for Bristol Bay. The stock of the sole investor in the Pebble “Partnership” has tripled since Election Day. And, recent news stories have talked about Pebble’s newfound confidence to move their mine forward. We Can Save Bristol Bay But they know we’re a force. Pebble Mine execs said of the millions of Americans who oppose the project, “The company will still have to deal with that apart from the technical aspects of the project.” …Um, yes. We’re not going to make it easy on them. Bristol Bay is too important for us to sit back now. We’ve come too far to let Pebble get a free pass to destroy the rivers and American jobs that so many people depend on. We need you to continue to say loud and clear that Pebble is the wrong mine in the wrong place. Sign the Pebble Mine Petition We’re going to need you this year to tell the world again and again that the Pebble Partnership is not wanted in Alaska. A good start is by signing one of these petitions today: If you live in Alaska, send this letter to the Walker Administration If you live in the Lower 48, sign this letter to President Trump We all know Bristol Bay salmon are a world-class resource, the foundation of culture for local tribes and communities, an angling paradise, and the platform on which a $1.5 billion economy that supports 14,000 full and part-time American jobs is built. Thank you for your time and support. – John Holman and Trout Unlimited
Environment and Conservation
We talk a lot about fly-fishing here at the lodge but we also get many questions about the Salmon life cycle. Salmon make an incredible journey downstream from the fresh water where they are born, to the ocean, and then back upstream again as adults, finding the exact location where they began several years earlier. Salmon Eggs Salmon lay their eggs in many streams and rivers. Depending on the species, a female salmon will lay anywhere from 1,500 to 7,000 eggs in a nest or redd she has created by making a shallow depression in the stream bottom. The male fertilizes the eggs and then both fish push gravel over them to protect them. Hatching Salmon Young fish or alevins hatch in late winter or early spring, looking more like worms than fish. These tiny fish depend on a yolk sac to provide them with nourishment until they are mobile enough to wiggle out of the gravel and find their own food. At this stage, the young salmon are called fry. Feeding on tiny plants and animals, the fry cluster in groups and develop into juveniles. Salmon Fry Cluster in Groups When juveniles are ready to migrate to the ocean, they undergo a physiological transition from freshwater to saltwater fish. Only about 10 percent of the fry make it to this stage and are called smolts. Smolt Development. Only 10 Percent Make it to This Stage. Smolts are especially vulnerable and are frequently injured or killed by predators. Dams also slow the migration considerably. A trip that used to take one to three weeks can now take one to three months, depending on the beginning point of the trip. The smolts have limited energy stored in their bodies and may run out before they are able to reach the ocean. Up to 90 percent of the salmon hatched never reach the ocean. Salmon Spawning The smolts that complete the journey downstream spend several weeks in estuaries where the river meets the ocean, feeding on small fish and shrimp. Eventually, they disappear into the ocean where they grow to adulthood. After two to five years, the adult salmon are ready to migrate upriver to spawn in the streams where they were hatched. It is believed that salmon are guided to the rivers by currents, stars, and the Earth’s magnetic force. Once in the river, the fish find their home streams by scent. The journey upriver is a difficult one. Salmon do not eat during this time, but live on fat stored in their body. They may travel as far as 1,440 km in fresh water to their spawning grounds. Obstacles encountered upstream are many and varied. Dams, waterfalls, bears, uncertain stream conditions, and habitat degradation are among the most common challenges for salmon.