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I believe the gold estimate for Pebble East and Pebble West together comes to about 87 million ounces. I've watched NAK, which I've held for a while (a long enough while to have made money on it), and have seen the company make some politically astute moves in terms of aligning themselves with people of influence andin terms of campaigning for jobs AND environmental responsibility.
Aug 29 13:36 pm
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All Comments by GMiki1 »Northern Dynasty to Reap Benefits as Alaska Backs Minerals over Salmon [View article]
Today, miners are much more environmentally careful--which I note with another holding of mine, Kalimantan Gold, which has campaigned against the use of cyanide. (I actually know these people and they are sincere and sincere in working for the citizens of Kalimantan.)
NAK has powerful interests behind it, including a big investment by Mitsubishi. Plus it's the elephant that many analysts say are no longer being found.
These NAK mines will come to fruition and make shareholders a lot of money, in my opinion. But, as I said, I do hold a number of shares.
As for Kalimantan Gold, not all that far from Grasburg, the company also has mining rights for coal in the area, a very astute move.