Northern Dynasty: Santa Claus Rally

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About: Northern Dynasty Minerals Ltd. (NAK), Includes: RIO
by: Paul Lebo, CFA
This article is exclusive for subscribers.
Paul Lebo, CFA
Long/short equity, Deep Value, value, hedge fund manager
Summary

Recent statements by NAK management reveal that permit filing is on track for this month.

Management stated on the May 12 conference call that they intended to pursue a partner first, and once the partner was on side, they would file for permits.

At the Silver & Gold Summit in San Francisco Nov 20-21, NAK CEO Ron Thiessen affirmed Q4 guidance for repartnering and noted negotiations were 'extremely well advanced.'

Recent industry news concerning Grasberg raises the probability of a consortium buyout, although consortium partnership remains the most likely outcome.

With Northern Dynasty Minerals’ (NAK) Q4 repartnering and permit deadline approaching, many investors have been on the edge of their seats contemplating the timing of any potential corporate updates. That uncertainty was removed