Topic: How To Invest

Q: Hi, what is your advice on investing in Northern Dynasty Minerals? Thanks.

Article Excerpt

A: Northern Dynasty Minerals, $2.38, symbol NDM on Toronto (Shares outstanding: 462.4 million; Market cap: $1.1 billion; www.northerndynastyminerals.com), aims to build a mine at its Pebble project in Alaska. The Pebble deposit contains an estimated 73.7 billion pounds of copper, 4.7 billion pounds of molybdenum and 89.9 million ounces of gold. That makes it one of the world’s largest undeveloped copper/gold deposits. The stock moved up sharply at the end of May 2020. That’s because Northern Dynasty appears to be back on track towards obtaining final permits for Pebble’s proposed massive copper-gold mine. The permitting process has been stalled since 2014 after the U.S. Environmental Protection Agency (EPA) declined to even evaluate the project. However, the EPA said on May 29, 2020, that the Environmental Impact Statement (EIS) process for the proposed mine, currently being led by the U.S. Army Corps of Engineers, is proceeding well. Northern Dynasty is effectively addressing all issues and concerns raised by the EPA, the U.S. Fish and…

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