Replies to post #14232 on Northern Dynasty Minerals Ltd (NAK)

[stargazer123]

"Northern Dynasty had just C$14.8 million ($11.5 million) in cash on hand as of June 30, according to the company’s most recent financial statement. In June, Doug Allen, vice president of corporate communications at Northern Dynasty, said the mine’s permitting would cost $150 million."

"economics 101 when outgo exceeds income, Bankruptcy isnt far away"

"$11.5 Million on hand 3 Months ago down from $37.5 million 6 months ago WONT PAY for a Permit costing $150 Million in 3 Years."

You're forgetting something. A joint venture will give us all the money we need. See post 14233.