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Tuesday, March 19, 2019 11:26:35 AM
That said, investors need to keep their expectations in check. Developing even the scaled-back site at Pebble will require a significant investment, four years of construction, and likely another year or so to ramp up production. Northern Dynasty Minerals reported just $30 million in cash, cash equivalents, and investments at the end of September 2018 (the last period for which data are available). It raised gross proceeds of $10 million through a recent stock offering, but much more capital will be needed.
Put another way, Northern Dynasty Minerals has simply not lived up to its potential over the years -- and there's a reason Wall Street has pegged the company's stock price under $1 per share and market cap to just $220 million. Investors shouldn't consider this stock a buy.
https://www.fool.com/investing/2019/03/19/will-these-3-turnaround-stocks-even-survive-2019.aspx
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