Baystreet.ca Can Northern Dynasty shoot higher or With the highly-touted Pebble copper and gold mine located in Alaska once again undertaking the permitting process to get potentially one of the world’s largest copper and gold mines under construction, investors looking for the next "multi-bagger" have lined up to take a look under the hood and see exactly what is there with the junior miner.
As of right now, what such investors have available to them is some data on potential reserves via initial drilling in the area, and a hope and a dream that the Trump Presidency will bring along with it a long-sought after permit to begin construction of a mine that has for years remained an elusive target for the mining company during the Obama Administration.
Even now, in the wake of the Trump Presidency (which brought along with it significant optimism for the first time in a long time), environmentalists and activists are lining up around the block to do everything they can to block the construction of this mine, a mine which will run through a vast expanse of prestine land near Bristol Bay in Alaska and potentially affect the watershed in this area, impacting fish populations with mining runoff.
Recent rulings blocking mines in other parts of the United States on environmental grounds stand in the face of the Pebble mine, adding to the list of potential headwinds for investors over the coming three-and-a-half years.
Definitely a speculative play at this time, an investment in Northern Dynasty (TSX: NDM) is essentially a bet made on probabilities – just make sure you have your probabilities right.
Invest wisely, my friends.