1 Reason NDM Cares About SP. Their Stock Options. Why NDM doesn’t care about SP: FM financing initial permitting. NDM salaries paid by FM. NDM can’t raise construction capital. NDM not a miner. NDM has no mining experience. NDM not interested in being operator. FM potential buy-in years off. 6+years to permit with many pitfalls. 4-5years to construct. No major buyout. High risk and high operating cost. Strategic blunders NDM management now recognizes jeopardizing the project.