Northern Dynasty Minerals Ltd (NAK)

[slazenger7]

There would have to be massive dilution over a 4 year period for "many" Reverse Splits to happen. Of course dilution could be a problem going forward as NAK has no income to pay its bills and no financial partner yet to pump some cash into the company.

The longer it takes to get that partner, the more dilution will have to take place to pay all the lawyers, company officers, consultants, and other costs to finance the as much as 30 month permitting process.

Of course terms of a contract with a partner might also include hundreds of millions of shares in NAK stock issued and going to the partner or partners as well. It depends on who the partner or partners will be and what they will require.

That is something that bothers me somewhat as far as dilution and its effect on the share price long term. NAK needs to partner before dilution starts to erode the share price significantly and the spike up in price on any partnership announcement happens starting from these levels or a price .10 to .20 lower, and not much lower prices caused by significant dilution and shareholder frustration with the passing of time that would contribute to the selling.