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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 zentrarianNZon Jul 12, 2016 6:35pm
307 Views
Post# 25046363

Gold is nothing if not patient

Gold is nothing if not patientcybernet: I respectfully disagree. 
 
You can't turn back the clock and pretend Pebble was never discovered. People and governments will come and go, but the metal in the ground has been there for eons and it is not going anywhere.
 
It will still have value as long as there is even a glimmer of hope that a mine will someday be permitted. And considering the legal dispute with the EPA, the potential change in government, the ongoing effects of climate change, the growing crisis in the monetary system, the increasing price of gold, and numerous other factors - I would say the probability of that happening, while low, is much greater than many people realize.
 
In the meantime, you can't get much more dead than the stock has been. It will trade up and down on any big change in the gold price or any vague rumor about a settlement. But I doubt if it will become worthless. Only bankruptcy and a reorganization could do that, but that is another matter.
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