Northern Dynasty Minerals Ltd (NYSEAMERICAN: NAK) is a stock that I've been following quite a bit as of late. If you've followed my writing on the company, you know that my opinion overall is a relatively bullish one. In fact, it's kind of shocking to see the stock trading in the red today, considering the presentation that was given yesterday. Nonetheless, before we get into the details here, I'd like to thank our partners at Trade Ideas for being the first to alert us to the movement today. At the moment (10:15), NAK is trading at $1.73 per share after a loss of $0.04 per share (2.26%) thus far today.
NAK Offered Up A Compelling Presentation
As mentioned above, it's a bit surprising to me that Northern Dynasty Minerals shares are falling this morning, considering the presentation that was offered yesterday. However, in my opinion, this does present a discounted buying opportunity.
Yesterday, NAK offered a presentation during the Breakfast Forum of the Resource Development Council for Alaska in Anchorage. The presentation outlined the development considerations for the Pebble Project that will reduce the footprint and significantly enhance the environmental safeguards surrounding the Pebble Project. If you haven't already, I would strongly suggest taking some time to watch it. The presentation is available at www. NorthernDynasty.com in the Project Overview section. It can also be viewed at www.akrdc.org.
In the presentation, the company made quite a few key statements. First off, the company reduced its footprint to about 5.4 square miles. The company also made efforts to protect the Talarik watershed region as well as avoid environmental impact throughout the entire Pebble Project.
Aside from environmental benefits, NAK went on to explain that the community impact would be an incredibly positive one. In fact, when complete, the Pebble Project is expected to generate between $49 and $66 million in revenue per year, allowing for the creation of between 1,500 and 2,000 jobs. Not to mention that the project would include a revenue sharing concept, which would enhance local and regional financial benefit. Ultimately, the project is designed to not only benefit NAK, but to benefit the entire community surrounding he Pebble Project. Once again, if you haven't already, I strongly encourage you to view the presentation.
The Opportunity Is Becoming Real
You know, a couple of years ago, I saw Northern Dynasty Minerals and I saw the Pebble Project. I thought to myself, "Wouldn't that be cool? If that company can pull this project off, it's going to make millionaires." However, back then, I didn't think they could do it. Because of constant battles with the EPA, I was sure that the project would fall through. Well, I've never been so happy to be wrong.
The year 2017 has proven to be a massive year for the company. At this point, they have battled the EPA for their rights in a court of law, and reached a settlement that allows them to apply for the permits needed to get the mine rolling. They have taken the initiative to ensure that the Pebble Project would have little in the way of environmental impact, but a massively positive impact on the community surrounding it. Ultimately, NAK is doing everything they need to do in order for the concept of the Pebble Project to jump off of the paper and become a real-life mine! While I didn't think I would be saying this 2 years ago, I'm excited to watch as the Pebble Project becomes a reality.
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What We'll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on NAK. In particular, we're interested in following the ongoing efforts to bring the Pebble Project to fruition. With everything going smoothly so far, we're excited to cover the story and bring the news to you as it breaks!
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