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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 RealityCheck123on Jun 22, 2021 1:48am
220 Views
Post# 33425648

Clarification.

Clarification.

There is no legacy for there is no mine, yet.  

NDM estimate at $620 million (SEDAR) excluding investment/expenditure by Teck ($ unknown); Mitsubishi ($ unknown); Rio (est. $131 million); Anglo (est. $541 million) and Quantum (est. $37.5 million).  Anglo produced some level of feasibility, as well, likely Rio.   The proponent has stated expenditures exceeding $1 billion-unable to precisely allocate.  

A resource is worth nothing other than measured/inferred (unknown economics) discussion.  Basically it's metal in the ground.  A proven/probable mineral ore reserve is worth something.  The worth is demonstrated by a Preliminary/Final Feasibility Study meeting regulatory standards which the proponent has stated has not been completed.  Understanding these simple regulatory and economic classifications as identified by both Canadian and U.S. SEC regulation is basic to any mineral development economic discussion.

Investing in potential mining companies requires a basic understanding of exploration, feasibility, permitting, construction and operations.     

 



 
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