Northern Dynasty Minerals Ltd T.NDM

Alternate Symbol(s): NAK

Metals & Mining Industrial Metals & Minerals

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

Northern Dynasty Minerals Ltd

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Post by random88on Mar 05, 2005 2:15pm

215 Views

Post# 8701515

20% interest

It should not be that hard to value 20% of interest owned by the related party. Total outstanding shares of NDM on fully deluted basis is just short of 60 million shares. So, the other 20% interest should be converted to between 12 -15 million shares of NDM. I would consider 13.5 million share of NDM for the 20% interest as fair deal. However, since it is owned by a related party, God knows what is going to happen. I would come out to double my position in NDM, if finally deal does not cost more than 15 million shares of NDM.

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