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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

Post by Dorjeon Aug 01, 2007 12:24pm
574 Views
Post# 13185951

This was a stupid deal

This was a stupid dealAfter NDM has spent years and hundreds of millions of dlrs at high risk along comes Anglo and buys a half equity for the current sp with several safeguards built-in.There is a major difference between 50 and 51 percent and I am amazed that NDM gave up control of Pebbles for such a meager price.No major can now be interested in NDM because Rio holds 20 and options on another 10 percent so unless Rio buys up NDM Anglo ends up with virtual control.At worst it will ne Anglo 50% Rio 30% NDM 20%. NDM will have no say should Rio connect with Anglo.I never ever imagined such a poor deal and am surprised at HDI.
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