Northern Dynasty Minerals Ltd T.NDM

Alternate Symbol(s): NAK

Metals & Mining Industrial Metals & Minerals

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.

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Northern Dynasty Minerals Ltd

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Comment by xbox360on May 15, 2018 3:52pm

395 Views

Post# 28034905

RE:RE:RE:RE:RE:Going below $1 per share by end of May?

Framework agreement is already executed by both parties so NDM will receive 150 million from FM over the next 4 years. That is unchanging. NDM already received 37.5 million.

What they are working on at the moment is just the terms of the option agreement. ie. if FM wants to extend the option agreement at the end of 4 year period for another 2 years, what would be the portion out of 1.35 billion they would need to pay as an installment and so forth.

I think some retail investors are confused with the news release on the extention. The framework deal is done. Option agreement is an option to be execised 4 years later in 2022.
They are only negotiating the terms, it will be finalized 100% and it can't fall off.

Rio tinto made a huge mistake by giving away its ownership in NDM few years ago only to show off.