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Bullboard - Stock Discussion Forum 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... see more

TSX:NDM - Post Discussion

Northern Dynasty Minerals Ltd > No proven/probable reserves per existing mine plan…
View:
Post by RealityCheck123 on Nov 15, 2023 10:48am

No proven/probable reserves per existing mine plan…

...after 20 years and $1 billion spent. Five major miners walk.  No interest. No financing. 

Inconsequential of any potential SCOTUS decision, the low-grade copper equivalent is unattractive to mine.  

Underground mining only is also economically questionable.

No compliant Feasibility Study = no reserves = no value.

Comment by RIDER1975 on Nov 15, 2023 4:02pm
I honestly respect your enexhaustible persevierance. It must be quite annoying doing the daily work of enlighteningl, but the share price is somehow unwilling to find its way back to the good old  band between 20-26. I am long here, not a secret, but I dont have any intention to get anyone take the same risk as I do. Frankly, do you have short position? Br.
Comment by RealityCheck123 on Nov 15, 2023 6:02pm
It must be annoying being someone with no mineral development or mining experience who performed no due diligence prior to purchase. A Feasibility Study allows for "Modifying Factors".  A mine plan has been submitted to the USACE.  There is your queue to ask an intelligent question.
Comment by RIDER1975 on Nov 15, 2023 6:54pm
The fact is that its not annoying at all being a layman in mining while having investments in the same time in that particular sector. My position on NAK is definetaly a speculative one. I can project zero or even 2-5 usd sp eventually.  And reaching these levels may be due to a spec. run ignited by some imminent decision of the authorities. I understand and appreciate your arguments, you are ...more  
Comment by RealityCheck123 on Nov 15, 2023 9:07pm
Thank you for acknowledging your limitations including unsubstatiated SP. Until facts change they remain relevant.  Facts are not determined by a position.   A fundamental fact is the existing mine plan is uneconomic until demonstrated otherwise by way of proven/probable reserve release.   Add 20 years, $1 billion spent, no financing and no interest by any mining company ...more  
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