RE: where's Grandich?Here's your PG:
Special note of interest
I know many readers are interested in my thoughts on Northern Dynasty Minerals (NDM).Obviously, it’s another in a long list of casualties that are trading near or at their 52-week
lows. It’s hard to imagine that one of the top two undeveloped copper/gold projects in the
world today is trading poorly given the underlying metal prices. It seems the opposition to the
development of the deposits has brought enough doubt to the market, along with an overall
weak market in general.
Providing the metals don’t turn down sharply and the environmental opposition doesn’t
manage to halt the project, it’s hard to imagine NDM can’t be profitable from this point. I do
think NDM is now vulnerable to a bid from one of at least three players who already have a
position in the stock and/or the deposit itself. If such a bid developed, it would be in the teens
now versus the 20s I once thought was possible.
jjlalaska