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Northern Dynasty Minerals Ltd NAK


Primary Symbol: T.NDM

Northern Dynasty Minerals Ltd. is a Canada-based mineral exploration and development company based in Vancouver. The Company’s principal business activity is the exploration of mineral properties. The Company’s principal asset, owned through its wholly owned subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of about 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located about 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project. The deposit lies entirely within the Lake and Peninsula Borough, approximately 23,782 square miles of land. The deposit is a Copper-Gold-Molybdenum-Silver-Rhenium project. Its subsidiaries include 3537137 Canada Inc., Northern Dynasty Partnership, U5 Resources Inc., Pebble West Claims Corporation, and others.


TSX:NDM - Post by User

Post by harleyonvacatioon Mar 13, 2024 1:52pm
75 Views
Post# 35930974

WTH happening

WTH happening

Rising nicely past couple of days - up 10%+ as of this post

Source: John Brueske / Shutterstock

A metals and mining exploration firm, Northern Dynasty Minerals(NYSEAMERICAN:NAK) focuses on what its website calls the world-class Pebble Project in Alaska. Further, the company claims that it’s the world’s most significant undeveloped copper and gold resource. Therefore, if Northern Dynasty can live up to its potential, NAK could easily be one of the top speculative stocks under $1.

To be sure, as an exploration firm, the company doesn’t generate any revenue. Further, in 2022, its free cash flow landed at $18 million below breakeven. On a trailing-12-month (TTM) basis, the cash burn came out to $17 million. It’s something to keep in mind – we’re dealing more with narratives here rather than fiscal substance.

Still, on the plus side, the company features a decently stable balance sheet. In addition, the pricing profile may be compelling to market gamblers. Presently priced at 26 cents, NAK’s 52-week low sits at 21 cents whereas the 52-week high lands at 43 cents. Therefore, it could be a relative bargain.

H.C. Wainwright’s Heiko Ihle is the sole analyst covering NAK stock with a “buy” rating. As well, the expert sees a 90-cent target, implying nearly 244% upside potential.

GLTA and especially to the skipping record RC - need I say more

 
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