RE:RE:RE:RE:What would be a fair acquisition price for Northern Dynasty?
Looks to me that NDM hit $20 in 2011 when gold was at its all-time highs around $1900. Copper topped out $4+ and moly was at over $20 at the time if memory serves - remember that this is a multi-metal deposit. The EPA debacle and collapse in all 3 metals explains where NDM is now. It will take time for the metals to reverse up to all-time highs and for the government to allow at least permits to be applied for. No mathematical reasons for the numbers I chose, my point is just that the economics have to be very strong to justify the tens-of-billions needed in investment for a mine life of multi-decades.