Northern Dynasty Minerals Ltd (NAK)

[slazenger7]

From over 10 years ago - Theissen "discussing" partnerships. Nuff said. He has been in partnership discussions for over 10 years.

https://ih.advfn.com/p.php?pid=nmona&article=22781028&symbol=AMEX%3ANAK

October 4, 2007 - Ronald W. Thiessen, President and CEO of Northern Dynasty Minerals Ltd. (TSX Venture: NDM; AMEX: NAK) is pleased to provide a Pebble Project update. As announced n July 31, 2007 a wholly owned subsidiary of Anglo American plc ("Anglo") became a 50% partner in the Pebble Project with a wholly owned affiliate of Northern Dynasty Minerals Ltd ("Northern Dynasty") . The two partners formed Pebble Limited Partnership(the Partnership), which is managed by its General Partner, Pebble Mines Corp., a company which is also owned 50% by each of Anglo and Northern Dynasty. For Anglo to retain its 50% partnership interest, it will need to invest the next US$1.425 billion in project development costs. Northern Dynasty owns an equal 50% interest and is carried during Anglo's investment period. The goal of the Partnership is to engineer, permit, construct and operate a modern, long-life mine at the Pebble Project. The partners are targeting completion of a pre-feasibility study in December 2008, a feasibility study by 2011 and commencement of commercial production by 2015.