TSXV:WMG.H - Post by User
Comment by
1BHforlifeon Feb 02, 2017 3:38pm
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Post# 25791383
RE:Trump will gut the EPA and dirty mining will pick up steam.
RE:Trump will gut the EPA and dirty mining will pick up steam.Sure enough. Look what I found, Ha
Globe says Trump makes Northern Dynasty great again The Globe and Mail reports in its Friday edition that Northern Dynasty Minerals has more than tripled since the U.S. election to approach a four-year high this week amid speculation the incoming administration will allow the explorer's long-stalled Pebble project in Alaska to move ahead. A Bloomberg dispatch to The Globe reports that last week, Northern Dynasty drummed up $43-million (Canadian) in a secondary share offering to investors eager for an interest in a resource it estimates at more than six billion tonnes of ore. That is quite a revival for Northern Dynasty, whose sole project had appeared all but dead only a year ago. After peaking at a market value of almost $2-billion (U.S.) in 2011, the company's luck turned -- it was abandoned by Anglo American and Rio Tinto amid a commodity rout, and it was obstructed by the U.S. Environmental Protection Agency after the project had already burned through more than $550-million (U.S.). Northern Dynasty's latest quarterly results showed its cash holdings had dwindled to less than $8-million (Canadian). Mining analyst John Tumazos believes the EPA under Mr. Trump will reverse a 2014 move to prevent Pebble from obtaining a permit.