This article is about Northern Dynasty Minerals (NAK). Northern Dynasty Minerals has a market capitalization of $190 million. It is a 50% owner of the Pebble Mine in Alaska.
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Pebble is one of the largest mineral deposits in the world. It contains mostly copper with some gold, molybdenum, and other metals. Assuming that it goes into production it will be an incredibly large and profitable producer that will enrich Northern Dynasty Minerals' shareholders.
Why, then, does the company have a valuation of just $190 million? The answer is that environmental groups worldwide vehemently oppose the project. They are concerned that the mine will disrupt the salmon fishing industry to a point of devastation, and that...