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NYBOB.............. Earnings of 3.83 into 11.500 current shares ==== 3.0 PE.............. Where do you think CMCL will be selling with a 3.0 PE when Price of Gold REALLY HEATS UP............... Guess........ $30.00 to $40.00 RANGE................ And to think this little company was in the .03 - .06 cent range......... What good Management Means............... MR. Leigh Wilson, YOU DID A GREAT JOB OF PUTTING THIS SUCCESS STORY TOGETHER..........
Go CMCL baby, GO!!!!!!!!!!!!!
Perry................ You Betcha............ Enough of this penny stuff, bring on the Dollars now.
MAINE: You could have a Long Wait on the .40's......... The chart is breaking out of the Pennant nicely, and the 9 SMA has burst thru the 21 SMA......... Looking forward to the strength of upward prices NOW..........
http://stockcharts.com/h-sc/ui?s=NAK&p=D&yr=0&mn=3&dy=0&id=p85360927713
NAK story getting out there:
https://www.mining.com
OIL DOWN TO $4.35 BARREL............. Alaska better get NAK Permits PASSED to cover future REVENUES........... The OIL Dividends, Sure as Shooti'n, will be CANCELLED............. Alaskans will be losing JOBS in the OIL PATCH....... Gold Perservers NOW.................
Zilidium......... It will be a BANNER day to see Shorty running for the hills when Nak catches Fire.........
LOW OIL Prices BULLISH for the Price of Gold.......... Lower OIL prices cut bond yields and PLUNGING Interest Rates............ In addition to the Lower costs for miners.........
Suvorov.......... Maybe you should consider BUYING Nak. The pieces of the Puzzle are falling into a postive forecast now.......... The 9 SMA has blasted thru the 21 SMA...........
My Opinion
MaNO......... YOU are right on the Money.......... Thanks..........
GOOD NEWS:
Northern Dynasty: US Federal District Court Rejects Litigation Filed by Pebble Opponents
6:46 am ET April 20, 2020 (Accesswire) Print
US Environmental Protection Agency (EPA) action to withdraw pre-emptive veto upheld
VANCOUVER, CANADA / ACCESSWIRE / April 20, 2020 / Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company") reports that, on Friday April 17, a US federal district court judge in Alaska granted the US Environmental Protection Agency's ("EPA") 'Motion to Dismiss' a case brought by a collection of anti-Pebble activist groups.
The litigation challenged EPA's July 2019 decision to formally withdraw its prior regulatory action under Section 404(c) of the Clean Water Act (initiated in 2014 by the Obama Administration), which sought to pre-emptively veto the Pebble Project before permit applications had been filed or an Environmental Impact Statement ("EIS") permitting process was undertaken. In granting the Motion to Dismiss, US District Judge Sharon L. Gleason found the anti-Pebble activists had "failed to state a claim upon which relief can be granted".
In a statement released April 18, 2020, Pebble Limited Partnership ("Pebble Partnership" or "PLP") CEO Tom Collier said the US legal system has once again re-affirmed the Pebble Project's right to receive a fair and objective permitting review under the Clean Water Act ("CWA") and National Environmental Policy Act ("NEPA"). He said the court decision received last week removes yet another obstacle to receiving a Final EIS and Record of Decision on the Pebble Project by mid-2020.
***
The Pebble Partnership statement released April 18, 2020 quotes PLP CEO Tom Collier:
"For years, we have sought basic fairness for the Pebble Project to be fully vetted under the regular permitting process and to block attempts to preempt that fundamental right. Once again, a coalition of anti Pebble groups including national environmental groups like the Natural Resources Defense Council have been proven wrong in their ad hominem attacks on Pebble. This time a Federal District Judge in Alaska has ruled that their most recent attack did not even state a cause of action that required review by the court. Therefore, their lawsuit against EPA was dismissed for lack of jurisdiction.
"We have long held that the preemptive veto against Pebble was poor public policy and that decisions about the merits of developing a mine at the Pebble Prospect should be made through the legal, statutory process defined by NEPA. The preemptive veto was brought against the project by the Obama era EPA before a single permit to develop had been filed with a regulatory agency. The current administration made the correct decision to withdraw the preemptive veto and allow the project to be reviewed via the legal, statutory process defined by NEPA and the CWA. The Federal District Court correctly recognized the validity of this decision. The EPA, in their decision to withdraw the preemptive veto, noted that a detailed plan of development had been submitted for review allowing the agency and other regulators to fully vet the project.
"This decision moves Pebble one step closer to completing its federal permitting process. The U.S. Army Corps of Engineers current schedule calls for the Final Environmental Impact Statement and the Record of Decision for the project to be issued by mid-year. We see no reason why this schedule will not be met, especially now that this meritless litigation has been dismissed.
"We firmly believe the project will be developed without harm to the Bristol Bay fishery and for the benefit of the region, especially the communities around Iliamna Lake. Preliminary reports from the Corps of Engineers indicate it can be done responsibly and we look forward their final report this summer."
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Partnership, is a 100% interest in a contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit. PLP is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.
For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynastyminerals.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and US public filings at www.sec.gov.
Ronald W. ThiessenPresident & CEO
US Media Contact:Dan GagnierGagnier Communications(646) 569-5897
Forward Looking Information and other Cautionary Factors
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in its forward-looking statements are based on reasonable assumptions, such statements sho
Stargazer............. You are right on the money.............. Alaskans got use to those Dividend checks coming in. In the event that Oil Dividend NOT coming in they will be beating the drums for Pebble to get Permits and get on line with Dividends...........
Stargazer........ I believe that LOWER oil prices will also mean UNEMPLOYEMENT increases in the Alaskan Oil Patch...........
This is interesting to read. What will Alaska do for Revenues if the Oil Drillers are paid to leave the oil in the ground. Alaskans want to close the fishing season this summer, and now the Oil Drillers will leave the oil in the ground, makes Pebble more and more valuable. Alaska, get those Pebble Permits and this mine up and running. Jobs are drying up, Unemployement will be increasing, and Pebble is becoming A MORE VALUABLE asset to the Alaskan Economy, and Alaskan workers day by day......... A good READ...............
https://finance.yahoo.com/news/u-weighs-paying-drillers-leave-193607108.html
Ps: We have discussed on this Board, that Alaska has already been leading the United States in UNEMPLOYMENT, and now with fishing jobs eliminated and possible OIL related Jobs drying up, the people will be in dire straits........
Mano........... Excellent analysis.............
Nak Investors: Here is the Email address for the White House in case you want to write an opinion to suggest President Trump work on the Permits for Pebble, especially in the face of cutting back on Chinese Imports of Metals............
https://www.whitehouse.gov/contact/
Suv............ BANKS BRACING FOR BIG DEFAULTS............... What does than mean between the lines.................. TROUBLE.................
https://apnews.com/66b6a574386b82357167e1d5b72fffbe
Suv............ A good READ...........Gold and Silver in a pullback today....... Note June futures predicted UP and the projection for POG is $1,800.......... With the bottom coming out of the American Economy, i ask a question: WHERE WOULD AN INVESTOR SEEK PROTECTION? I would say one area is GOLD........... And Nak charts look Bullish...........
https://www.kitco.com/news/2020-04-15/Gold-silver-see-big-pullbacks-after-recent-bigger-gains-not-surprising.html
My opinion
Suv....... That is in all respects, FINE. That is what makes the Market the Market. The Gold Complex is down today............. Looking at the charts we should be a turn to Positive.........
my opinion......
Just Wrote the White House to bring RARE EARTH MINERAL mining BACK to the United States...... China still has a lock on these important minerals, and also requested early Permits to be issued for Pebble........
https://www.mining.com/web/chinas-rare-earth-exports-leap-in-march-after-coronavirus-hit-jan-feb/
Suv........ Here is another chart comparing NAK/GDXJ.......... Looks to me that the BOTTOM has flattened out, and the turn North starting to take place........ Could be a good time for you to BUY..........
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=nak&time=8&startdate=1%2F4%2F1999&enddate=4%2F15%2F2020&freq=1&compidx=aaaaa%3A0&comptemptext=gdxj&comp=gdxj&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=39&y=15&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12
My Opinion
Suv....... With th 9/21 and the MACD in an UPSWING, how can that be BEARISH...... The GDP is OFF 40%, people looking for protection........ In fact I just bought another 8000 shares after looking at that chart, at these low low low prices........... Thanks for the Alert to buy..........
Suv........ Look at the 9 SMA breaking thru the 21 SMA. Clear example of an upswing. And, the Macd breaks thru the Zero line.......... A nice picture of a TURN.............
http://schrts.co/JCWBXrcW
My Opinion
Suv......... THIS would set off alarm bells if it were ever to happen. But think with all the money that is printed now, if the POG was $5,000......... NAK would dramatically go off the charts............
https://www.kitco.com/news/2020-04-14/Gold-price-tracking-could-be-10k-before-we-win-WW3-says-Frank-Holmes.html
Stargazer...... In addition, since March 10 thru today, there is a DOUBLE BOTTOM that has been formed. Can't beat that.......... And the Volume is coming in..........
Stargazer...... I agree with YOU..... The chart looks very Bullish, the 9 SMA has BURST thru the 21 SMA and the Macd in also in a strong upswing........ Go Nak, Go.........
http://schrts.co/VQhnXumD
Manoflsle.......... As the Price of Gold INCREASES I expect the Buy Out price of Nak to exponentially increase...... Would you think a potential Buyer would be better off to make a decision to Buy NOW that the POG is lower than it will be by summer, or wait after Permits are issued this summer, with a big IF, AT A MUCH HIGHER BUY OUT PRICE?????? I would expect the Price of Gold to increase in THAT the Economy WILL BE so far is DOWN......... IT IS NOW DOWN 40 Percent GDP.............. Thanks for input.......
Nak is just starting to eat away the Resistance....... The BIG question: When will SHORTY fire up its Covering?????????????????
http://schrts.co/zhSnIitr
9 SMA about to cross 21 SMA..... Banging up against resistance here..... Macd has crossed Zero Line....
Looking good.....
http://schrts.co/RuZzmicX
Now Alaskans WANT to CANCEL the upcoming Salmon Fishing season starting sometime in May/June........
https://www.adn.com/alaska-news/2020/04/08/dillingham-asks-state-to-close-300-million-bristol-bay-salmon-fishery/
This should give impetus to get Pebble moving............ Now they will need Jobs, Jobs, Jobs........... AND, Alaska will NEED to supplant LOST REVENUES........ GET PEBBLE ROLLING ALASKA..............
Manoflsle........... Good to have you ON BOARD......... Good Investing...........
Alaska NEEDS Pebble fast: "$500 MILLION DROP IN ALASKA REVENUES"..................
Oil Revs. in the TANK...........
Fisheries Revenue REDUCED to reflect high level of uncertainty regarding demand for FISH, Fish Prices, and uncertainty worker supply............
GOLD PRICES offer Alaska increased Revenues....................... Pebble is going to be a cog in Revenues and JOBS.......... The current Revenue Loss makes Pebble extremely IMPORTANT in building a secure Revenue base for Alaska......................
$500 million estimated drop in Alaska revenues
By Tim Bradner Apr 6, 2020 Updated 48 min ago
Alaska's Department of Revenue issued an updated revenue forecast Monday, April 6 and as expected state income will be sharply down.
The estimate is for a $500 million drop in estimated revenues compared with earlier estimates for the current state Fiscal Year, FY 2020, which ends June 30, and a $700 million reduction for what had been estimated for FY 2021, the financial year beginning July 1.
The bulk of the decline is from oil and gas revenues, a result of lower crude oil prices, but the department also forecasts a drop in non-oil revenue in FY 2021.
One positive aspect of the situation is that the state is much less dependent on petroleum revenue that it was a few years ago. Under a state law enacted two years ago the state can tap earnings from the $60 billion Alaska Permanent Fund to help support the budget. Investment earnings now provide more than twice as much income as petroleum.
Under a formula in the law the Permanent Fund will provide $2.9 billion in support of the budget this year and $3.1 billion next year.
Nevertheless, the drop in oil and gas income will drive up a projected state deficit this year and next by several hundred million dollars, according to estimates.
State petroleum economists attributed all of the current year $500 million drop in state revenues to petroleum income as well as $600 million of the $700 decline for next year. A decline of $100 million in non-petroleum revenues, from taxes on fisheries, minerals, insurance and fuel is also estimated, mostly due to a slowdown in Alaska's economy stemming from the COVID-19 virus.
A sharp revenue decline had been expected. Similar estimates were made recently by the Legislative Finance Division, but the Department of Revenue's projections, done twice yearly, is the official state forecast used for budget planning by the state Office of Management and Budget and by the Legislature.
The revenue forecast is based on Alaska North Slope (ANS) oil prices remaining below $30.00 per barrel for the remainder of FY 2020, resulting in an annual average price of $51.65 per barrel. An average price of $59 per barrel for FY 202 was assumed in the fall forecast issued in December.
For FY 2021 the price forecast for ANS crude oil is to average $37.00 per barrel, climbing to $53.00 by FY 2029. The oil price forecast is based on current futures market prices and reflects the current extreme supply and demand imbalance that is expected to gradually relax over the next few years.
Oil production, meanwhile, is expected to be at volumes estimated in the fall forecast, or an average of 486,400 barrels per day in FY 2020 and to remain stable at 486,500 barrels per day over the following FY 2021.
The spring forecast for oil production was developed prior to the March 2020 oil price crash, and given the long lead time for Alaska oil projects and high level of uncertainty, the production forecast has not been further revised at this time, the revenue department said.
“With the tremendous uncertainty and unprecedented nature of the COVID-19 crisis, it is impossible to make predictions on the stock market, oil prices, future tourist activity, or revenue with certainty. In order to honor this uncertainty, the department has developed a plausible scenario upon which to base the spring revenue forecast,” the revenue department said in a statement.
“This scenario provides a reasonable baseline for planning purposes and highlights some of the important variables that can be monitored as events unfold over the coming months,” the department said.
The department used these assumptions in the forecast released April 6.
Overall Economy: The spring forecast assumes that widespread virus-related shutdowns continue for the second half of FY 2020. The forecast assumes that shutdowns are reversed during the first half of FY 2021 (July – December 2020), and that overall economic activity is back to baseline levels by FY 2022 (after July 2021). Some revenue forecasts have been adjusted to reflect these assumptions, others have not and will continue to be monitored and evaluated ahead of the fall forecast.
Oil Prices: The spring forecast is based on an average Alaska North Slope (ANS) oil price of under $30.00 for the remainder of FY 2020, bringing the FY 2020 average price to $51.65. The ANS price forecast is $37.00 for FY 2021, climbing to $53.00 by FY 2029. The oil price forecast is based on futures market prices and reflects the current extreme supply and demand imbalance gradually relaxing over the next several years.
Investment Returns: The spring forecast is based on the “low projection” from the Alaska Permanent Fund Corporation for FY 2020 and then the median projection for FY 2021 on. For FY 2020 this represents an overall return to the fund of about -0.5% for the year. Reaching this result requires some recovery in investment markets over
the remainder of the fiscal year. For FY 2021 on, the forecast assumes 7 percent annual overall returns to the fund.
Corporate Taxes: The spring forecast for petroleum corporate tax revenue assumes minimal net revenue for the rest of FY 2020 and FY 2021, based on low noil prices. Beyond FY 2021, payments resume as prices recover. Non-petroleum corporate tax revenue is expected to fall significantly for certain sectors, based on reduced economic activity.
Tourism: The spring forecast assumes that the 2020 summer tourism season (FY 2020-2021) is largely lost with no cruise ship visits and minimal independent tourists. The 2021 summer season (FY 2021-2022) is expected to proceed, including resumption of cruise ship visits, but only at 75 percent of previously expected levels.
For summer 2022 on, tourism is assumed to be back to previously expected levels. These assumptions reflect no inside knowledge, the revenue department said, and are intended simply to provide one possible baseline for budget planning purposes.
Mining: The spring forecast for mining revenues was reduced to reflect lower expected prices for industrial metals such as zinc and lead. Sustained high gold prices somewhat offset this negative impact. No adjustments to production expectations were made for the spring forecast.
Fisheries: The spring forecast for fisheries revenues was reduced to reflect the high level of uncertainty regarding demand for fish, and thus fish prices, as well as uncertainty surrounding worker supply.
Motor Fuel Taxes: The spring forecast for motor fuel taxes assumes a 25 percent reduction in fuel use for the remainder of FY 2020, and a 5 percent reduction compared to baseline for FY2021. For FY 2022 on, motor fuel use is forecast to return to previously expected levels.
"A DRAFT OF THE THE EIS HAS BEEN COMPLETED"......................
https://www.northerndynastyminerals.com/site/assets/files/4807/2020-03-26-nr-ndm-lkmml90jnj.pdf
"NO FURTHER DELAYS EXPECTED"...............................................
Mason..........
https://www.marketwatch.com/story/goldman-sachs-says-it-is-time-to-buy-gold-the-currency-of-last-resort-2020-03-24
Lets get the Pebble mine up and running........
Dunleavy will be scrambling to build Alaskan Revenues HE MUST be losing to the OIL Industry........ The loss of the DECLINING OIL REVENUES will lead to the DEMAND for Pebble to be BUILT........ Where else will Alaska build Revenues?
To give an example, here is a Stock, VAL, which is the largest Offshore Oil Driller in the WORLD.........., VAL is DOWN from the $70.00 per share level and ia NOW trading at .47 LEVELS............ The Alaskans at this juncture will be looking for LOST OIL Dividends payable each year...............
http://schrts.co/wFajsvgT
Stargazer......... Come on now. Let's not get ahead of ourselves. Whatever happened with OPK you mentioned with the CoronaVirus vaccine................ Looks as though it has fallen out of bed............
Agreed Stargazer....... The people in Alaska have been sipping on Oil Dividends for years, and will be upset to see these Dividends go lower, especially as Alaska leads the hit parade of Unemployment in the United States. The needle points to NEW industries to support Dividends and Alaskan Revs..... The whole picture seems more Bullish for Pebble to get the Permits to get there treasure of Gold, etc. up and running...........
I would think this down draft in the stock market is not caused solely by CoronaVirus, it is the huge supply of paper money being printed, and the US Fed will be Printing more Dollars at Alarming Rates....... DEBT, DEBT, and MORE DEBT............
Mano....... With OIL REVENUES shrinking and a oil War between Russia and Saudi Arabia driving prices DOWN, the focus on Pebble will be more important than ever to rebuild Alaskan Revenues............ Looking at some of the stock prices in OIL, the largest Offshore Driller, VAL, is dropping to new LOWS.......... At these LOW oil Prices, VAL will be stacking up rigs in the face of huge lower losses, as Alaskan Revenues fall even further........
Might be a good idea Mano, to buy some Nak at these low prices........... Don't be left out in the cold.
https://www.ktuu.com/content/news/Global-oil-production-war-threatens-to-impact-state-revenues-568616811.html
Mano......Not Convinced, with the Debt bubble in the World, and Fed printing money out of style, bought another 10,000 shares of Nak......... These low prices are a gift..........
Maine....... I bought 10,000 Nak a little while ago......... I am hoping some support comes in at this level..........
Manofisie........ I have dry powder, tell me when to buy at the Best Price........ I am counting on your expertise........... Thanks........