Northern Dynasty Minerals Ltd (NAK)

[Scotttrader80]

Where’s the Feasibility Study?

What’s been holding NDM back from completing a prefeasibility or definitive feasibility study? It’s not a time issue. They’ve owned the project for 17 years. It’s not a money issue. NDM and partners have spent $750 million over those 17 years.

About 6 months and $500K gets you a prefeasibility study. 1 year and $1.5 million buys you a definitive feasibility study.

It’s not a big deal. Every serious mining company, even micro cap juniors, has multiple feasibility studies for its advanced development projects.

The only credible explanation: NDM is afraid of the conclusions an independent contractor will reach. 43-101 rules don’t allow you to used an insider like the Hunter Dickinson guy to massage the numbers (as they did with the recent resource update). The commodity price assumptions and the capex estimates will be done conservatively by a reputable firm.

If capex is closer to $10 billion, as many suspect, and the NPV is only $2 billion or so then there’s no rational reason to spend the money to build the mine.

I’d love to hear an alternate explanation. There’s no other project, listed in Canada or London or Australia, that is as advanced as Pebble without any kind of feasibility study. NDM also admits the low detail level PEA for Pebble is now out of date, and that Pebble is no longer considered an “advanced project” under 43-101.

ISSA SCAM

.30 cents