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Northern Dynasty Minerals Ltd T.NDM

Alternate Symbol(s):  NAK

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

Comment by TedOwenson Apr 27, 2013 2:19am
197 Views
Post# 21309363

RE: $0.05 TARGET

RE: $0.05 TARGET

This deposit, in all likelyhood, will never be taken into production. The CEO's position that the environmental impact of the project could not be evaluated until a mine is proposed seriously conflicts with the premise that the mines enormous overall operational afluent outputs could in any way be controlled to a point where absolute certainty would exist over decades of production. The mines value is very high yes but it is finite and will leave a major scar where it once stood. The natural water acquifer systems in areas of large wetlands basins cannot be reclaimed to efficiency levels which would be anywhere near what they were pre-production. The Salmon industry is a perpetual natural resource which will be around thousands of years after the last ounce of gold or the last pound of copper would have been exhausted. This issue is all about greed and manipulation by the mining sector biggies who will stop at nothing to deplete the resource regardless of what impact it will have on future generations.  

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