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Northern Dynasty Minerals.

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I thought this worthy of a heads up.




Northern Dynasty Minerals are concerned with the development of the Pebble deposit in Alaska which is said to be one of the greatest stores of mineral wealth ever discovered. The current resource estimate includes 6.44 billion tonnes in the measured and indicated categories containing 57 billion lb copper, 70 million oz gold, 3.4 billion lb molybdenum and 344 million oz silver; and 4.46 billion tonnes in the inferred category, containing 24.5 billion lb copper, 37 million oz gold, 2.2 billion lb molybdenum and 170 million oz silver(1). Quantities of palladium and rhenium also occur in the deposit.


However in 2014 the project ran into a very draconian Obama backed EPA (environmental protection agency) that initiated a pre-emptive regulatory action under Section 404© of the Clean Water Act with potential to restrict future development of Pebble. It looks like Anglo American (NDMs 50/50 development partner) had wind of this the previous year and simply walked away after spending US$573M on the project. NDM now own 100% of the pebble project.


From a high of C$21/share in 2011 it fell into the dust, along with the rest of the junior market, hitting just C$0.28c/share in Jan 2016. With the looming prospect of a Hilary presidency and a continuation of the present EPA policy, NDMs future looked bleak.


Then as we know Trump won the presidency, who by all accounts is pro-mining/jobs and has appointed a new pro-mining EPA head Scott Pruitt. So with the assumption of normal permitting conditions going forward the outlook for the development of the pebble deposit has greatly improved. Speculation of this has already seen the share price go from C$0.93c in Nov 16 to todays C$2.20 and a market cap of C$577M. Where it will go ultimately depends upon permit approval but if these are attained, just how much is a deposit of this size worth.


I'd appreciate any thoughts?


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I looked at it years ago.


Good to see it is still around.

I'm still hoping for a turnaround in Gold prices - but we may need to retest Last year's LOW at $1045 first

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