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Northern Dynasty Minerals Ltd. (NDM.TO)
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lots of bears came out of the woods past couple of days on the NAK board. while i get it from a technical perspective on the charts it is getting a bit overdone. greed and fear are powerful emotions in The Worlds Greatest Game but the question is what happens if the next press release is the court agrees to hear NAKs petition on making the EPA comply with its own rules and regulations as asked of the courts three months ago. i will tell you what happens, it will be "buckle your seatbelt Dorothy, cause Kansas is going bye-bye!"
long live the salmon 150 miles away from Pebble. forgot if it was the army core of engineers study or another "official" one but the salmon will not be impacted with the technology and mining methods today. more harm is done to our fishery by the corporate commercial fleets and east pacific rim countries rapping the seas these days than anything else. we are past the days of damning up their spawning grounds and dumping toxins into their paths in this country.
i thought about posting about insider holdings/transactions to counter point the GIF bear wanna be heroes on the board but do not think it is relevant here and may even muddy the waters sort of speak (nothing to do with harming the salmon of course). can not get the right words out to make my point though other than similar to my "dilution dilution dilution" counter post. this company is not operational and has no incoming cash so awarding stock options as a form of compensation is normal and prudent in this particular situation. and when employees exercise stock options they typical sell simultaneously otherwise they have to come up with the cash out of their own pockets to hold longer term not to mention the immediate tax liability to the corrupt and reckless spending governments with their hands out. the real question may be how many employee issued stock options are outstanding, not expired, nor exercised as of a point in time, as that is the same as being long the stock just without the outlay of capital. the muddy waters part is that the company is currently being held hostage illegally by the EPA so this is a binary play at this point. that being to infinity and beyond or bust in my humble modest and worthless opinion only of course.
For casual observers I refer you to the August 11, 2021 webcast by John Tumazos. He emphasizes that Northern Dynasty, a mine development company, is blocked by the current USA political regime, and should consider seeking a large global mining company that can't be influenced by USA politicians.
Notes: NAK is not a mining company. It is a mine developer. This project has been blocked 2 times by ILLEGAL actions from the EPA, first under 44 and now under 46. The first illegal EPA action was overturned in the court. The EPA is slow walking it's response to the current NAK challenge.
What events will unlock the Pebble Project? Perhaps a kinetic event in Ukraine and/or Taiwan. Perhaps a significant political event on 8 November 2022 that awakens politicians to return to America First, energy independence and domestic mining.
Can somebody also ask Ron to have a chat with Governor Dunleavy to help commence the state permitting process concurrently as the administrative appeal wraps up. If I were RT I would also ask the State to be more legally active in asserting its State Rights and Constitutional obligations.
My price target stands at $0.025. The next quarterly report should reveal how much cash they’re burning with litigation costs. The float has also increased from their last round of dilution. It would have been much higher, but most employee options expired worthless. New round of compensation options will likely be priced in the .10-.15 range. Keep milking the plebs.
Here is a probable answer to why NAK went up. The Complete Investor is out with a mailing pushing their publication with a teaser on rare metals and mention aircraft usage. Now you google rare metals used in aircraft and you get several including rhenium. Now you look up rhenium and you get NAK. “That’s all folks”
Northern Dynasty comments on one year anniversary of appeal submission and recent predictions of significant increases in the price of copper coming in light of supply/demand imbalances
January 19, 2022 Vancouver – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the "Company") comments on passing the one year anniversary of submitting the Administrative appeal to the U.S. Army Corps of Engineers ("USACE") on January 19, 2021 regarding the Pebble Project in Southwest Alaska, and on recent increases in copper price estimates by several large U.S. banking institutions.
"We continue to approach the USACE to see if they require additional information or have a decision on whether a site visit is needed, and while we are being told that the USACE is working diligently on our file, it has now been a year without discernable progress in terms of a decision. We would take significantly more comfort if we could actually see signs of progress," said Ron Thiessen, President and CEO of Northern Dynasty. "In the meantime, we are not idle. While awaiting a decision from the USACE, we continue to assess legal options to address the many possible outcomes from their decision. We are also studying the positive economic benefits of our project for Alaska and the U.S. The Pebble project is too important to be stifled by regulatory inaction."
Significantly higher copper prices predicted by major banks
Northern Dynasty is heartened by the growing calls for increasing copper production from leaders in the industry. Goldman Sachs recently increased the Bank's forecast for copper to US$12,000/mt (approx. US$5.40/lb), seeing 20%+ upside this year, as the metal is forecast to reach all-time highs over the coming 12 months. Bank of America expects copper to reach US$20,000/mt by 2025 due to an expected supply/demand imbalance1.
"We echo recent comments from Goldman Sachs, Bank of America and BlackRock that higher prices in the near term are the likely outcome of the looming supply deficit for copper at a time of growing demand. The reality is that without copper you cannot create electricity, transport it, or convert the electric energy into usable kinetic energy in end-use applications. The amount of copper required to enable a successful global energy transition to a zero-carbon economy is enormous, and the only realistic way to meet this demand is to increase production," said Thiessen.
"It appears to me that the loudest voices expressing concerns about the impacts of climate change and the desperate need for action are also the loudest voices opposing any mining whatsoever in the United States. That isn't just incomprehensible, it is impossible. The fact is that about 80% of all copper ever produced is still in use, so the suggestion that we can simply obtain 100% of new supply needed, effectively as much copper that has ever been produced, from recycling 20% of historic production is a physical and mathematical fantasy," Thiessen added.
Where will the needed copper come from?
"The world's largest exporter of copper, Chile, has elected a new president who has vowed to curtail mining. Russia is a large exporter of copper. China has invested heavily in new copper projects in Africa. Does relying on these countries to ensure the important global energy transition sound like a recipe for success?" Thiessen added. "The U.S. has significant copper resources within its borders, all it needs to do is develop them."
1 Copper up 3%, closing in on all-time highs, Nathan Allen, Seeking Alpha, Jan. 12, 2022
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.
For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at
or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at
and U.S. public filings at
Ronald W. Thiessen
President & CEO
U.S. Media Contact:
Dan Gagnier, Gagnier Communications (646) 569-5897
Forward Looking Information and other Cautionary Factors
This release includes certain statements that may be deemed "forward-looking statements" under the United States Private Securities Litigation Reform Act of 1995 and under applicable provisions of Canadian provincial securities laws. All statements in this release, other than statements of historical facts, which address permitting, development and production for the
Many traders/investors are following Cramer's recommendation, "Buy the dip."
Observe the Russell. 20 points drop from 10:00am to 10:45am.
Meanwhile NAK is up 3.26%.
Reading the Insider Roster on YF, I discovered the latest insider transaction was Gordon Keep, Director. His transaction occurred in September 2021. All other listed insiders had transactions in July 2021. There were no transactions listed for YTD 2022. Further, Ron Thiessen is listed as owning 4,836,291 shares.
US needs to develop its own copper resources, says Pebble owner
Northern Dynasty, the owner of the contentious Pebble copper/gold mine, in south-west Alaska, says that the US must develop its own copper resources to ensure a successful energy transition to a zero-carbon economy.
Citing forecasts from major banks about a looming deficit and higher copper prices, CEO Ron Thiessen says that the “only realistic way to meet demand is to increase production”.
“The US has significant copper resources within its borders, all it needs to do is to develop them,” he said on Wednesday, which was the one-year anniversary of submitting an appeal to the US Army Corps of Engineers (USACE) regarding the Pebble project.
Thiessen took a swipe at those opposing the Pebble project, or mining in the US in general. “It appears to me that the loudest voices expressing concern about the impacts of climate change and the desperate need for action are also the loudest voices opposing any mining whatsoever in the United States. That isn’t just incomprehensible, it is impossible.
“The fact is that about 80% of all copper ever produced is still in use, so the suggestion that we can simply obtain 100% of new supply needed, effectively as much copper that has ever been produced, from recycling 20% of historic production is a physical and mathematical fantasy,” he said.
Commenting on the appeal process, Thiessen said that Northern Dynasty continued to approach the USACE to see if they required additional information or have a decision on whether a site visit was needed.
“While we are being told that the USACE is working diligently on our file, it has now been a year without discernible progress in terms of a decision. We would take significantly more comfort if we could actually see signs of progress.”
Thiessen said that Northern Dynasty was not sitting idle while waiting for a decision. “We continue to assess legal options to address the many possible outcomes from their decision. We are also studying the positive economic benefits of our project for Alaska and the US Pebble project is too important to be stifled by regulatory inaction.”
The project is one of the world's biggest copper and gold deposits and has been through a roller coaster of regulation over the past 13 years. ⭐
Eric, the markets are tanking, but NAK is up slightly at this moment. Market conditions have changed. I want your "expert" opinion. Are we at market bottoms? What stock(s) should I purchase?
“You can observe a lot just by watching.”
― Yogi Berra
The mine will be built. The tables will turn shortly.
I saved the two quotes below a few years back ( I don’t remember the author(s) ) and they are a lot more appropriate today.
“Gold and silver are always late to the inflation party.
But when they arrive, they kick over tables and steal other's girlfriends.”
“The only sure-fire escape for the ordinary person is to physically possess the money of history that cannot be corrupted, and to which when the state theory of money is disproved yet again, becomes the only acceptable medium of exchange. That is physical gold and silver.”
On my earlier post;
What ever happened to that Class Action Law Suite from last year? I see nothing in the news about it.
Anyone know/hear of anything ?
Bought 2K @29.5. I will buy 3K more@ .28
How will a CCP kinetic event in Taiwan affect the markets? The Pebble Project real estate (REM, copper, gold, etc.) becomes more important to USA defense and economy. Salmon or defense from enemy kinetic threats? Eat salmon or be a CCP serf?
to all you gif wannabe heroes out there that talk of dilution dilution dilution diltion. you act like you are pointing out a land mine in the distance that a potential or existing stockholder might not be aware of. this company is not operational nor has been past two decades as they get circle jerked by not only the obama admin but the current one. and a rogue EPA going against their own procedures and regulations not to mention the rule of law. dilution has been going down since inception and past twenty years and will continue until one day an operational mine is up and running and is cash flow free positive or financed through debt. this is normal in a capitalist society in the free world void of left wing agendas.
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