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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 oddykogon Jan 16, 2004 2:47pm
185 Views
Post# 6905946

Drilling and reserves

Drilling and reservesNext week being the last week before the Vancouver meeting seems a likely target for the release of the latest drilling results and the updated reserve calculation. Since the reserves are in the US, a declining USD just helps with the viability. I wonder whether the management will also announce new funding agreements or whether that will happen later in the winter. Lots of cash needed for the 2004 drilling program and the US$10 million option fee.
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