Silver at $30 - what happens at $39 +++Based on NDM reports there is a minimum of 350,000,000 oz of Silver in their resource model
At $30 Silver that equates to $10.5 B in value for NDM and Taxes generated for Alaska....in cdn $ that equates to $14.4 B using todays Silver price....
Do you honestly think they will be ,oth balling this mega resource
Oh and by the way there are 5 other majors going through the same long and drawn years long court process in the US at this time to get their mining permits......so we are not alone. Its highly politicaly charged IMHO.
Permit will be issued and that will unlock shareholder value as well as initiate all other mining permit requirements to get all these precious metals to market. Not before.
Rick Rule is one who believes that when there is real resource value in the ground up to $5 B to be minable then for him a strong hold until that event comes to fruitition is the Risk he will take. NDM's Silver resource is a mine on its own think about that ......
Next major bench mark for Silver is $39 after that who knows what market frency will unlock Silver's true intrinsic value....
Long & Strong hold for me - NDM is a precious and base metals bank...BANK on it
GLTA