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BHP $64.17
Rio Tinto $73.13
JECO $7.94
Average share price: $48.41
When Pebble becomes operational: $48 is the comparative VALUE per share
Why should the Pebble Mine project concern each, and every, American? National security is one reason.
Right now, the United States is completely reliant on foreign countries for twenty critically needed minerals, including rare earth elements.
To put it lightly, his investing acumen isn’t good. Kinda bad.
July 26 2022 - 06:16AM
In a report released today, Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Northern Dynasty Minerals (NAK – Research Report), with a price target of $0.80.
1974: The area around Pebble was secured by the State of Alaska during the Cook Inlet Land Exchange of 1974 - a three-way land swap involving the federal government, the State and the Cook Inlet Region Inc. (CIRI), an Alaska Native regional corporation.
2004.NOV: Northern Dynasty is listed on the AMEX
2006.JUN: Rio Tinto owns 19.9% of Northern Dynasty
2007.FEB: Mitsubishi acquires 8.3 MM shares
2007.JUN: Anglo-American commits $1.425-$1.50 billion to the Pebble Project
44 P-residency: January 20, 2009 - January 19, 2017
2011.MAR: Mitsubishi sells the entirety of its equity stake in Northern Dynasty
2013.APR: EPA pre-emptively vetoes the permitting process of Pebble.
2013.DEC: Anglo formally withdraws
2014.APR: Rio Tinto donates the entirety of its stake in Northern Dynasty
45 Presidency: January 20, 2017 - January 19, 2021
2019.JUL: EPA withdraws Proposed Determination. Court overturns EPA preemptive veto
2020.JUL: Northern Dynasty receives positive FEIS for Alaska’s Pebble Project
46 P-residency: January 20, 2021
2020.NOV: 25 November 2020, US Army Corps of Engineers’ HQ claims that economic costs of Pebble Project outweigh project benefits which contradicts the District 10's Positive FEIS 2,000 pages administrative record. Also, the HQ 1.5-page letter, paragraph 3, says the "project is contrary to the public interest." What public? Whose interest?
2022.FEB: Kopernik Global Investors, LLC adds 5,037,187 NAK shares
2022.JUL. 27 July 2022, Northern Dynasty secures innovative royalty agreement for proceeds of up to $60 million on non-core metals
Note: The grifter-in-chief, 46, won a RIGGED election on 3 November 2020 and then, to preserve his career, David S. Hobbie, Chief, Regional Regulatory Division, signed the ACoE HQ letter on 25 November 2020.
Note the Timing: 22 days after the grifter-in-chief was declared P-resident this Imperial City toady, Hobbie, aligned with the regime. So, I don’t accept the argument that implies 45 is anti-Pebble because this toady letter was released while 45 was President.
And, for shallow memory people, the Pebble Project has been political since P-resident 44. Before 20 January 2009, the Rule of Law, States’ Rights, and historical contracts were honored.
Pull quote from Reuters…“Don’t worry, wonderful & beautiful Alaska, there will be NO POLITICS in the Pebble Mine Review Process. I will do what is right for Alaska and our great Country!!!,” T45 said in a tweet late on Wednesday. September 16, 2020.
Mary Peltola 35%
Sarah Palin 32%
Nick Begich 27%
Tara Sweeney 3%
Mike Dunleavy 42%
Les Gara 22%
Bill Walker 22%
Charlie Pierce 7%
Northern Dynasty receives Positive FEIS for Alaska’s Pebble Project.