RE:Was it ever real? "Northern Dynasty technically received a minor boost from the USACE decision to reconsider parts of Pebble's permit application. However, the final decision on the permit remains with the Alaska District Engineer. Thus it is unlikely that the final decision will be different than the November 2020 decision to deny the permit. The USACE will just need to put in more work to justify its decision."
As well, the EPA veto remains a hurdle that would prevent Pebble from getting permitted anyway. Thus I continue to believe Northern Dynasty has quite limited value and that it will need to issue more shares soon to raise money. Northern Dynasty's value is estimated at USD$0.10 per share based on a small amount of option value.