No economic mineral RESERVES as stated. https://finance.yahoo.com/sec-filing/NAK/0001654954-24-014498_1164771/?nn=1
No Feasibility Study. No economic RESERVES. No permits. No pending permit applications. +20-years. $1 billion spent. No interest. NOTHING.
“The Group is in the process of exploring and evaluating the Pebble Project and has not yet determined whether the Pebble Project contains mineral reserves that are economically recoverable. The Group’s continuing operations and the underlying value and recoverability of the amounts shown for the Group’s mineral property interests is entirely dependent upon the existence of economically recoverable mineral reserves; the ability of the Group to obtain financing to complete the exploration and development of the Pebble Project; the Group obtaining the necessary permits to mine; and future profitable production or proceeds from the disposition of the Pebble Project.”