dazza

Northern Dynasty to Reap Benefits as Alaska Backs Minerals over Salmon

should have been 60billion lbs of Cu!

Northern Dynasty to Reap Benefits as Alaska Backs Minerals over Salmon

Pretty uninformed comments about book value, ROI etc, for a mining developer!! Of course a mine developer is not making money til the mine is well in production!

NAKs assets include the biggest Au/Cu discovery in North America in recent history. At 64m oz of gold, 60billion oz of Cu confirmed resources, this will be one of the largest mines in the world, and now has the go-ahead. NAK sold Anglo American 50% for $1.4billion worth of funding, which was the cost of mine development meaning that NAK is virtually free carried.

The gold/silver junior mining shares are at most oversold level since 01, for a value investor they have never been better value, they are at huge lows, and NAK is trading 1/4 price/ net asset value (NAV) of its peers.

Technically NAK has just sharply broken out of a french curve downtrend, and looks for a sharp rebound on both fundamentals and tecnhicals.

Paul&shark are you sure you are not caught short, or sold out at the bottom???