Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
A bit long, but packed with insight. It looks like a perfect storm now for both copper and gold commodity values and junior mining companies with proven reserves, like NAK...
Dear Investor,
Marin Katusa here.
Over the past few days, I’ve shared a lot of valuable resources with you that I believe will make anyone a smarter, richer investor. I’ve shared hard-won, timeless wisdom I’ve picked up from 15 years in the “trenches” of natural resources.
During that time, I’ve made my share of mistakes and I’ve enjoyed my share of big wins. Thankfully, the money I’ve made from the big wins is far, far greater than the money lost from mistakes.
Today, I want to do something different, but just as valuable. I want to share with you two natural resource sectors I’m very interested in now.
My hope is that by sharing these specific sectors, I’ll help you focus your time and energy on the absolute biggest opportunities at this conference. My aim is to provide you advice on where to find huge upside, but limited downside.
With that out of the way, here are the two resource sectors I see the best opportunities in. I’m either actively deploying capital in these areas or “stalking” them… looking for the perfect time to strike in the next 6 – 12 months.
***COPPER
As you read this, a historic economic change is beginning to shape… something that will radically change the way work and live.
This big change will “re-order” global economy in a way that advancements like air travel and the Internet did. A small group of people will make enormous amounts of money as a result. I plan on helping everyone I can become a member of this fortunate group.
I’m talking about the biggest change to the automotive industry in a century… the mass adoption of emission-free, electric vehicles (EVs).
I believe the widespread adoption in Electric Vehicles (EVs) will create a very long and very large bull market in copper and copper stocks. As you may know, EVs require 3 – 4 times more copper than conventional vehicles.
Driven by surging demand from EVs, I believe annual copper demand could grow at 4.5% per year for the next 25 years. While that may not sound like much, it’s nearly a tripling of demand. However, the world won’t get all the copper it wants at current prices around $3 per pound.
That’s because the world’s largest, most important copper mines – the ones that set the global copper price – are in decline. They have been in operation for decades, and their richest parts have been tapped. To use an analogy, most of the world’s big copper mines are like former all-star ball-players in their late 30s and early 40s. They were great in their prime, but their ability to produce is steadily decreasing.
Existing mines still have plenty of copper ore, but it is less plentiful and it’s of lower quality (lower grade). In other words, it will cost more to mine each pound of copper mined in the future.
The chart below shows the average annual reserve grade of the world’s global copper producers. This group is made up of large miners you’ve likely heard of. Companies like BHP Billiton, Freeport-McMoRan, Antofagasta and First Quantum. As you can see, the average grade has declined 60% over the last 14 years. It’s an irreversible trend.
In addition to falling grades and rising costs, the copper industry simply isn’t finding as many large new deposits as it used to. Mankind has been digging into the earth in search of copper for thousands of years. We’ve found most of the really good stuff.
The chart below shows how large copper discoveries have declined over the past 25 years.
There are also some large undeveloped copper deposits in the world that can and will be put into production, but the shovels won’t start digging unless copper is substantially higher than current levels.
Surging demand. Limited supply. It’s a recipe for much higher prices. Since mining stocks are highly leveraged to the price of metals, their share prices could soar at least 500% from current levels.
Very few people are talking about the coming copper bull market. You don’t see ads on websites or social media talking about how big and profitable it will be. That means the crowd hasn’t caught onto this idea – yet. It means you can still get a major edge over other investors and buy now at bargain prices.
To make the largest possible gains with the lowest amount of risk, you need to be armed with the best possible information. That’s why I’m spending a lot of time and energy at the conference on the copper sector. I encourage you to do the same.
***DEVELOPMENT STAGE GOLD ASSETS ARE GETTING VERY CHEAP
If you follow the gold market at all, you that gold stocks went through a horrible bear market from 2011 to 2016.
You can see the sector’s bloodbath below. It’s a chart of the gold stock index during the bear market.
During that time, many gold stocks fell over 75% from their highs. Many went bankrupt.
If you’ve been in the markets for a while, you know a crisis like this creates enormous opportunities to buy valuable assets for dimes on the dollar.
I believe this bear market has made gold companies with development-stage projects very cheap. “Development-stage” gold companies have proven assets in the ground and are in the process of building mines. They aren’t drill hole plays and they aren’t yet producing gold.
When the market isn’t interested in funding gold projects, development-stage companies are among the hardest-hit stocks in the sector. After all, they typically don’t have good stories.
You see, when bankers and mining stock promotors plan their deals in oak-paneled meeting rooms, they place a lot of focus on a company’s “story.” Is it exciting enough to capture the public’s interest? Is it something sexy that will earn us big money by selling it to the public?
Bankers, mining promoters, and retail investors alike love “story stocks.”
For example, junior exploration firms are often good stories. Their backers position them as poised to hit the “big one” and make shareholders rich.
Producing gold mines are often good stories. Their backers can say, “We’re already pouring gold… invest in real production!”
And then, you have development-stage firms… which don’t have don’t have the “lottery ticket” allure of explorers… and don’t have production to boast about. A story of building roads, power lines, buildings, and processing facilities simply isn’t very exciting.
This lack of “sex appeal” has helped suppress the stock prices of development-stage firms. Plus, gold mine developers haven’t done themselves any favors in recent years…
Missteps in the Gold Industry
Over the last decade, a large majority of the development stage companies have disappointed their investors with cost overruns, production delays, production problems (higher cost of production and lower production levels), and too much debt. Their business performance has been close to pathetic.
A critical step in getting a gold project into production is something called a Bankable Feasibility Study (BFS). A BFS should be a comprehensive study of a project’s potential economics. It takes into account aspects like geology, metallurgy, infrastructure, and environmental impact. Bankable Feasibility Studies are required for miners to get financing from banks.
In many cases, the Bankable Feasibility Studies (BFS) gold developers touted over the past decade turned out to be nothing more than “Bankable-Fiction Stories” (or BFS with too much BS) used to finance the projects that ultimately disappointed shareholders and destroyed shareholder value.
I believe this situation has created some large potential opportunities. Thanks to all the reasons I just explained, some of the world’s best-undeveloped gold deposits are selling for incredible discounts to what I believe is their real value. I believe some of these stocks could double and still be cheap.
Don’t think large miners haven’t noticed what is happening. After all, they badly need to buy high-quality gold projects…
Gold Miners Are Running Out of Gold. Here’s Why That’s Good for You
What’s bad for large gold miners could be very good for gold stock investors for the next few years.
Put simply, large gold miners are running out of gold. Rather than look for more in jungles or frozen tundra, gold miners will do the smart thing. They’ll search for gold in the stock market… and go on a buyout binge of small and mid-cap companies with proven gold reserves.
Most mining investors don’t stop to think about it, but when a gold company sells an ounce of gold, it erases a little bit of its balance sheet value. This stands in contrast to companies that make candy, soda, or beer. These businesses don’t deplete their balance sheets in the normal course of producing revenue. Gold companies do. And this is why they must constantly replenish their reserves or they’ll mine themselves out of existence.
As you read this, large gold miners are finding it difficult to replace the reserves they dig out of the ground and sell. There are several reasons this is happening.
For starters, most of the world is “picked over” when it comes to gold deposits. After centuries of digging and drilling for gold, we’ve found most of the large deposits. The chart below shows how annual gold discoveries have plunged in the past 10 years (2015’s level is 85% below 2006’s level).
You also have falling gold prices. In 2011, gold reached a high of $1,900. Since then, investors have preferred stocks and bonds to gold, and gold has dropped to $1,252. This large decline means gold companies can’t mine some of their reserves economically, which means they can’t claim as many ounces in reserves as they could in 2011. The chart below shows how gold major’s reserves have declined dramatically since 2011. They are now below 2004 levels.
Gold’s decline also means less revenue for gold companies, which means they have less money to spend on project development and exploration. The chart below shows how gold miners have slashed capital expenditures (called capex) by 69% from 2012 levels.
This all means major gold companies need to beef up their reserves by purchasing the best projects owned by smaller gold companies. They have to show their shareholders growth, or the shareholders will begin to jump ship. We’ve seen some big ones take place over the last year. Gold major Goldcorp took out small cap Exeter Resources at over a 50% premium. Goldcorp’s CEO David Garofalo has openly stated that Goldcorp is aggressively looking to take advantage of the current downturn by picking up assets.
Royalty companies such as Sandstorm are even getting into the buyout mix with its recent purchase of Mariana Resources. I think Sandstorm made a smart move. Mariana’s Hot Maden project in Turkey is high grade, simple to put into production, and it will get a lot bigger.
I think the sweet spot of buyout targets will be mid-tiers and juniors that have large, district-scale projects that can move the needle for a major. I personally believe that there is going to be consolidation in the mid-tiers (defined as having between 100,000-1,000,000 ounces of annual production).
I’m not alone in this view. My friend Rob McEwen, the founder of Goldcorp and a living legend in the gold industry, recently said to me:
“The mid-tiers’ production curve is going up. The seniors’ production curve is going down. So the performance is going to be in the mid-tiers and the juniors. But the mid-tiers need to get size as the market has become increasingly dominated by passive investment through ETFs, rather than active investment managers.”
Rob went on to describe how the proliferation of ETFs will influence the thinking of gold executives:
“The number of the indices that the company is in is going to increasingly determine the volume and market liquidity of a company’s shares. Therefore, some mid-tiers are probably going to be looking for stocks that are ignored by the indices and ETFs. So if you have a good project that’s got room to grow and you’re not in a lot of indices, you might want to be looking over your shoulder or people should look at you to buy before the bigger guy steps in.
I believe all the data points to a lot of buyout deals taking place over the next 24 months. Gold investors are smart to become familiar with what kind of assets the majors want to buy… along with the world’s 10 or 20 best, most attractive projects that large miners will see as critical to their survival and growth.
And with consolidation comes takeouts at premium prices. Once a few takeouts happen, the other gold developers will start trading higher because the market will realize what the new trend in the gold space is, and you will make a fortune.
Why take on the 1 to 3,000 odds you get with an exploration firm, when the companies that have already defeated those odds are trading at valuations lower than their high-risk peers? This is a unique opportunity I’m personally betting big on.
The good news is, there are less than 15 large, high-quality development-stage gold projects out there that are located in safe countries. We don’t have to sift through hundreds of projects to find exceptional opportunities.
I have a large, very expensive database that contains every relevant detail on every one of these world-class deposits.
I’ve spent more than 300 hours and a great deal of money gathering and analyzing the data… performing site visits… talking to expert geologists… and creating my own estimates of value for these gold projects.
After crunching the numbers every which way, I believe this sector represents a huge opportunity in 2018 and beyond. I recommend you spend some time learning about it.
In Summary
By no means is this an exhaustive list of everything I’m monitoring and researching right now. In the interest of not taking up a ton of your time, I kept this market report relatively brief. But if you plan to deploy capital in the junior resource market in 2018, I encourage you to investigate the areas I described above.
See you at the conference,
Marin Katusa
Copyright © 2018 Katusa Research, All rights reserved.
If you wish to stop receiving our emails or change your subscription options, please Manage Your Subscription
Katusa Research, Suite 530 - 800 West Pender St, Vancouver, BC V6C2V6, Canada
When the SEC investigation ends (it has to be winding down) and the crop of NAK naked shorters are in custody, it will be interesting to literally see on TV who these rascals are. To imagine they picked on Trump’s and Pruitt’s pet project and expected to walk away; these guys are Dumb and Dumbest,IMHO.
An ongoing SEC investigation on the coordinated naked short efforts against NAK, is most certainly ongoing. Me-thinks some Long not ‘short’ jail time is in their future...
(Btw, message board moderator, as a response to my post- what does killing lobster have to do with nak, if it’s not just to push my comments down line?)
And So much manipulation for so long. It’s very blatant. NAK has been targeted by this administration for a display of successful American resource development. It is Pruitt’s and Trump’s baby. Certainly an ongoing SEC investigation on the coordinated naked short efforts, is ongoing too. Me-thinks some jail is in their future...
IMOP, Having money and living well is not bad, in and of itself. Working to keep families in poverty to maintain a standard of living, power or a position is a narcissistic illness. The mine is desperately needed to lift the region out of stark poverty. The actual result would be regional hyper-growth, joy and excitement, something the area has not likely experienced widespread, for decades.
I could agree with your idea that he be involved, but only if clear understandings going in, were established. That being local Alaskans would be the main benefactors of decisions and outcomes. Not likely possible from someone who has only made decisions that reflected on his bottom line. It’s Sad, but an honest change of his heart - to truly put locals first could make him a local public hero not the coniving selfish villain surrounded by wimpy yes-men, living on ‘Gillaman's’ island, a land of make believe, and all alone.
That would be a fox in the henhouse, not good. Alaskans would end up benefitted the very least. A better tact would be for locals to band together- even as few as twenty, call Fox News, hire a spokesperson, and picket his offices with homemade signs. When Fox arrives have the facts clear and ready to present: 1. Proposed Mine is almost one hundred miles away from fish 2. Alaskans have super-high unemployment and need mine jobs. 3. Fishing season is only 4-6 weeks total out of 52 weeks 4. MOST FISHING PERMITS are now owned by outsiders and non-Alaskans 5. Bob Gillam continues to fight against the mine and the much needed jobs, keeping Alaskans in poverty and unable to retrieve ancestral fishing permits.
If I lived in Alaska and was dragging my family through poverty, scratching out a living, sucking hind government tit, I would protest his selfish hateful ways, not grovel or run and hug the clown...
A global company just gave NAK over $37 million dollars, not as a speculative bet, but because Pebble is the single most validated ($750,000,000 in research) mine in history. The article states an outright lie: “regardless of the permitting process, the Pebble Project essentially is worthless.” This is rehashed garbage and is actually further evidence shorts are running scared. Alaskans want their fishing permits back among their own ancestors not the out of state fat cats and fishing hobbiests- it’s their livelihood. As everyone knows, Pebble was oppressed by illegal EPA reg’s and since companies can’t overcome a corrupt government they had no choice but to leave their investment. All that has changed. Rest assured, the lies and misleading quick-response articles like this one, (using the same picture from many years ago of 6 people and 3 signs) to represent ‘the resistance’, conveniently presented now to counter the realism of The Bristol Bay opinion article, will from now on be exposed in public piece by piece. The truth will prevail regarding this much needed and entirely safe mine. Alaskan families will see to it!
Glad to share. Three particular paragraphs should make every Alaskan’s blood boil: 1. “The opposition is clearly making a concerted effort to undermine a potentially needed economic boost in the immediate and surrounding region. The region has been impacted by the state fiscal crisis, which supplies most of their economy through schools, local government and state benefits — including those for the elderly and low-income assistance.“ 2. “Today, a majority of the Bristol Bay fishing permits are owned by nonresidents or out-of-state permit holders, who utilize the three- to four-week fishing season as a secondary income source . A recent study by University of Alaska Fairbanks and SeaGrant scientists reveal a stark difference between what fishing used to be and what it is now.” 3. “Many [local residents] are waiting for Pebble to begin employment again. I've heard them personally. The past four years without employment with Pebble have devastated their annual income. But most of them remain silent, fearing the criticism and reproach of the opposition. The "B's nest" leadership may be ruthless, threatening to remove anyone who may contract with Pebble in one way or another.”
KUDOS to The Bristol Bay Times, for not cowering away from printing the truth on behalf of the many suffering Alaskan families, despite Billion-Dollar Fat Bob squating in your very backyard! Alaskans, with your kind of freedom-loving courage and honest-minded approach, will see the Pebble project prevail if it’s best for Alaskans. Ignore the out-of-state noise and press on with the hard questions!
[ from article: http://www.thebristolbaytimes.com/article/1801my_personal_pebble_version_no_2 ]
http://www.thebristolbaytimes.com/article/1801my_personal_pebble_version_no_2
The Pebble mine developed, would supply locals a lower cost for electric power, and critical year-around jobs. This would financially strengthen local Alaskans and help them to retain coveted but expensive fishing permits. No wonder the Bob Gillam’s of the world are fighting it. These fat cats are quietly working to keep locals in poverty so they can buy out the true Alaskan fishing industry/culture, according to the article. Naturally, their goal is to create the public impression that a working mine is a threat to fish. No, a thriving mine will help Alaskans out of poverty and allow them to secure their age-old fishing culture. It seems, the mine’s impact is actually a threat only to the wealthy mostly non-Alaskans’ fishing hobbiests.
Tickets to Mark Hamilton seech available?
http://mustreadalaska.com/alaskans-heading-white-house/
Interesting, First Quantum has leaped 30% higher in the month of December since the NAK option entered their orbit. NAK however, contrary to conventional wisdom, has meandered and many days dropped. Is this from marauding short sellers only? Or perhaps, it’s time to look at ineffective leadership incapable of communicating recent changes clearly enough to attract investors or convince the public of the company’s true value. I’m not ready to cast a vote of no confidence just yet but with zero stock movement in the face of so many positive events now in NAK’s favor, investors should at least have some elemental questions answered...
From December 20th to today- 13 days, NAK is up 10%.
Seeking Alpha, Nick Harvey:
Northern Dynasty Minerals: The Truth About The Framework Agreement
Dec. 28, 2017 7:53 AM • NAK
Summary
$1.5 Billion for 50% is not a bad first deal.
Book value of the stock is now $4.75.
This is non-binding framework agreement, which opens the door for other bids.
Outright takeover seems to be the clearest pathfor another major at this point.
Short squeeze remains a near-term catalyst.
The management of Northern Dynasty Minerals (NYSEMKT:NAK) delivered on every major goal set before them in 2017, and these were very lofty goals. In case you missed it, the goals were:
1. Settle with the EPA.
2. Find a major to partner with.
3. File for permitting.
EPA settlement occurred in May of this year and the last two goals were achieved in just the last few weeks. There was major hype among shareholders around the second goal of finding a major to partner with. Many investors, including myself, believed that the Pebble mine would attract ... Continue:
https://seekingalpha.com/article/4134229-northern-dynasty-minerals-truth-framework-agreement?auth_param=1drj91:1d49qaf:b9ed29d3d656b69588969534d9e3499d&uprof=45&dr=1
Seeking Alpha, SA Editor Carl Surran
First Quantum to buy 50% stake in Northern Dynasty's Pebble Project
Dec. 18, 2017 7:28 AM • SA Editor Carl Surran
Northern Dynasty Minerals (NYSEMKT:NAK) +18% premarkert after First Quantum Minerals (OTCPK:FQVLF) says it will exercise an option agreement to buy a 50% stake in the Pebble Project in Alaska, the world's biggest undeveloped copper project, for $1.5B.
Under the agreement, First Quantum can make an option payment of $150M over four years to buy the right to earn the 50% interest in the Pebble Limited Partnership for $1.35B; First Quantum says it will make a $37.5M option payment to NAK within the next five days.
Pebble has stirred controversy because of its location in Alaska’s Bristol Bay, a center for salmon fishing, but has gained a more favorable stance from the Trump Administration.
The ex-EPA administrators are way out of line in voicing a collective opinion about something that has not been formally proposed. Even if they had examined the NAK potentials when they were in office, weighing in now before the permit is filed and the science is demonstrated, smacks of shallow political chronyism.This is a dangerous precedence for America. We vote for people expecting them to objectively evaluate opportunities based on merits and the inherent science. Ex-leaders pose a unique danger to American progress when swaying public opinion, in this case ignorantly, in not having current facts or understanding of the risks - they cannot because the science-based permit has not yet been filed. I believe Alaskans are thoughtful people able to examine the pros and cons of the NAK project when the scientific details come out in the permitting process. If when the permit is made public questions arise and they will, the process will work, it is a system for approval or disapproval that has worked for our country for years. If the straightforward permitting process is deligitimized by politicization, rest assured a money-driven black market for approvals will take over. I’m calling a STOP to the empty emotional hype against a proposal that thas not even been presented. Shame on you, armchair ex-administrators! This is America, the land of the free and the home of the brave. We’re a nation of laws, let them work.
Seeking Alpha by Paul Lebo, CFA
Northern Dynasty: Santa Claus Rally
Dec. 14, 2017 9:01 AM • NAK
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 last Thursday evening (12/7/17) when Pebble’s new Executive Vice President of External Affairs, Mark Hamilton, published a piece affirming PLP’s plans to file permits in the month of December. As it relates to timing, three key excerpts are shown below:
“Alaskans will get a chance to judge the relative benefits and risks of the new Pebble mine for themselves beginning in a few short weeks, when we submit permit applications to the U.S. Army Corps of Engineers.
“I have every confidence that the project we take into permitting later this month will be safe, and that we have the scientific knowledge and technological know-how to be successful.
“The federal and state permitting process about to commence is the right forum for Alaskans to state their concerns, to ask their questions and to inform themselves – with a reasoned consideration of the facts – whether Pebble is safe and a good project for Alaska.”
Many takeaways can be gleaned from this well penned piece. First and foremost, management is convinced that the new environmental safeguards that have been incorporated into the project based on stakeholder concerns ensure that the mine can be built in an environmentally safe fashion to coexist with nature. On a related note, the mine will also improve the standard of living for communities in the immediate vicinity of the mine as well as further out locales. Second, the article confirms that management is focused on process and the ability to present their mine plan for a science-based evaluation of the facts to determine if the Pebble Mine should be built. With the settlement NAK reached with the EPA on May 12, 2017, NAK is now entitled to submit a permit to the Army Corps of Engineers for consideration. The final takeaway concerns timing for permit filing. Given that the piece was published on December 7, ‘a few short weeks’ implies the month of December. The additional specification of ‘later this month’ confirms that the permit will be filed in 2017. Finally, readers can take comfort in management’s prior statements indicating that their business plan is to repartner first, then file for permits.
Readers may also wish to review a recent speech by NAK CEO Ron Thiessen from November 21 for further information about the proposed mine as well as timelines. Thiessen does have several nuggets in his speech, such as openly thanking former partners Rio Tinto (RIO) and Anglo American (OTCQX:AAUKF) for their prior monetary contributions to the project, despite the fact that they gave up their ownership stakes years ago when they withdrew. This expression of gratitude is noteworthy as Mr. Thiessen does not typically thank the former partners in his speeches. In retrospect, expressing appreciation to two majors in a high profile speech might be something a CEO would do if he had plans to repartner with one or both of the former partners.
Thiessen's next nugget in the 11/21 speech is his statement that Pebble is a unique asset that the majors would aspire to own, even the largest of the majors. Thiessen then compares Pebble to three other mines, mentioning Grasberg first, an interesting comparison given the subsequent news that RIO, perhaps the largest major in the mining space, is selling its entire stake in Grasberg to the Indonesian government. As far as repartnering timeline, Mr. Thiessen noted during the speech that he was constrained in what he could say, but that negotiations were "extremely well advanced." This positive statement follows a press release dated November 7 in which Thiessen was quoted as saying, “With respect to the other major objective Northern Dynasty has indicated it will achieve this year – that of securing a new major funding partner for the Pebble Partnership – we continue to be on track and making excellent progress.” Readers may once again take comfort as the use of the word 'will' is stronger than the wording we have seen in the past.
In summary, we continue to recommend NAK stock and view $6 - $9 per share as a conservative estimate of where NAK will land in the days following consortium partnership news. Notably, this fair value estimate does not take into account the effect of short covering (i.e. short squeeze). In addition, while we continue to view a consortium partnership at greater than 50/50 odds, recent industry news concerning Grasberg raises the probability of a consortium buyout. A buyout might result in a share price ranging from Cantor Fizgerald’s $18.50/share on the low side to $22.50/share on the high side.
Disclosure: I am/we are long NAK.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
About tomorrow, New news or high expectation?
Further, the permit will likely be processed both quickly and favorably as a highlight to the new streamlined regulation process.
NAK is like a massive rocket with cobwebs. It’s been grounded so long it’s hard to believe it can fly. Padlocked by the previous administration, it seems impossible that it will take off. Those who would mock investors for expecting it will soon fly might seem justified. Reviewing the stock however, we see it has flown, straight up! In early December 2011 the stock meandered up to $10/share. Gold bolted higher and NAK, only having a partner and hope of a future, jumped to $16 in early January and then peaked two weeks later at $21 per share. This time is much different. A partner is inferred by a scheduled permit application, with a victory speach at the WH highlighting what will certainly be about the submitted application and details of the environmentally safe mine. We now have a stock with 3/4 billion spent in validating ‘fuel’ and a CEO holding a lit match ticked with the many ‘short’ sighted players. Now, I have limited brain cells, but when I rub them all together I can’t imagine why anyone would short this stock!
Mark Hamilton, in no uncertain terms:
“I have every confidence that the project we take into permitting later this month will be safe, and that we have the scientific knowledge and technological know-how to be successful.”
https://www.adn.com/opinions/2017/12/07/its-time-for-a-new-dialogue-on-pebble/
I agree - if they are true to their word... however, the invitation for Mark Hamilton to speak at the WH in the opposite context of Bob Gillam last year, will not likely be for a delivery of excuses for why he didn’t keep his word that NAK would present the permit app. by year end. IMHO
...January 6,
Ended post with “buying dips!” In light of two hard dates - last week of December for the permit application and what promises to be a victory speach at the WH by Mark Hamilton on Jeanuary 6, significant dips may be gone...
The last administration made NAK an environmental whipping boy. This administration in highlighting Mark Hamilton as the WH speaker January 6, is making NAK exhibit ‘A’ of American resource development! Partners will likely be announced in the next 14 days - before Christmas. Lastly, we’ve been told the permit application will be at the end of the month. Buying dips!
https://www.adn.com/opinions/2017/12/07/its-time-for-a-new-dialogue-on-pebble/
End of the month permitting!
The last administration made NAK an environmental whipping boy. This administration in highlighting Mark Hamilton as the WH speaker January 6, is making NAK exhibit ‘A’ of American resource development! Partners will likely be announced in the next 14 days - before Christmas. Lastly, we’ve been told the permit application will be at the end of the month. Buying dips!
Show the links or your info stinks.
The Chinese bamboo tree grows for years below ground before anything is seen on top. http://donmillereducation.com/journal/the-chinese-bamboo-tree/
I suspect with NAK the same pattern will prevail. When it finally grows topside with news, it will explode through the naked puts and years of unjustified negative press. I think a question some of us less seasoned investers are wondering is how fast will the growth be? Anyone want to attempt from experience a one, ten, and thirty day expectation for Nak, after news of partnership and permitting? Bonus points for ideas on how to play of the news with options...
The dialogue is somewhat unintelligible. Anyone with better technology care to transcribe?