Replies to Post #20356 onNorthern Dynasty Minerals Ltd (NAK)

Replies to #20356 on Northern Dynasty Minerals Ltd (NAK)

12/24/19 1:13 PM

#20358 RE: Scotttrader80 #20356

In reference to: "What I KNOW is management refers to their ORE as LOW GRADE. take it up with them!"

I did. I looked up your reference, and others, and Northern Dynasty says that Pebble has great high grade ore, thank you.

Northern Dynasty states that they will spend 14 years mining the Pebble deposit. During that time they will put aside the lower grade ore obtained in the over burden and sections of the deposit.

The last 6 years they will no longer remove ore from the deposit, but will extract the metal contained in the stock-piled lower grade extraneous ore.

"Mineralized material will be processed via conventional froth flotation. On average, the process plant will produce ~600,000 tons of copper-gold concentrate each year, containing ~287 million lb copper, ~321,000 oz gold and 1.6 million oz silver, and ~15,000 tons of molybdenum concentrate each year, containing ~13 million lb molybdenum."

Mining experts have commented on the Pebble deposit:
For an expert’s perspective on Pebble is legendary geologist David Lowell.
https://dev.katusaresearch.com/one-worlds-greatest-geologists-talks-northern-dynastys-pebble-deposit/

"David Lowell is one of the greatest geologists of all time. He discovered the Escondida project, which became the world’s biggest copper mine. He’s discovered more than a dozen world-class economic mineral deposits as well. It’s an incredible achievement when you consider that the top tier geologists are lucky to discover one world class deposit in their career. David’s discoveries have given him the title of “world’s greatest mineral exploration geologist.” He’s forgotten more about finding deposits and building mines than most people will ever know."

David Lowell is also a mining engineer, which gives him unique insight on the costs involved in building a mine.

Pebble is a unique opportunity, all the work that has been done to date is a very large amount of diamond drilling, which all we know about the ore body are the cores obtained by the diamond drill operation, and I examined some of these, hopefully a representative sample of the core and looked around at the surface and read the very comprehensive reports on engineering and geology that had been made, including long-term environmental studies which include fisheries study which suggested in almost all cases I am aware of, the habitat increases. And I read the engineering reports recommending the project be carried out.
A kind of a horrible statistic is that because of interference by environmental clubs, and a wealthy fisherman that has a cabin within 100km radius of the project and by the American EPA bureau, the project has never been possible to move into the next stage. But something on the order of $700 million dollars has been spent thanks to interference by environmentalists and government agencies.

DL: It is the biggest deposit that I know of, that is ready to be put into production at this time and when it is in production, eventually, it will very likely be become the largest copper-gold mine in the world.

MK: So you do believe this is an economic deposit and the Pebble project will be in production one day?

DL: I am certain of that. And it’s possible to design a pit and concentrator assuming average grade which includes the higher grade and the lower grade, which will produce an optimum tonnage from the mine.

MK: And you believe there will be an open pit and underground portion to the project?

DL: Yes. And I believe there will be 2 or 3 different open pits. In the mining business, it’s common to begin to build the mill and begin on a high grade near surface part of the ore body.

MK: Wasn’t that how Escondida was originally started?

DL: Yes. Escondida and probably 20 other large scale mining operations.

MK: What would you say to all of the critics and shorts out there and all of the so called geologic ”experts” who are saying the project is worthless? I’ve read and heard some people state including professional geologists, claim that the project is not economically viable or there’s nothing of value at Pebble What would you say to those individuals?

DL: I would say try to get back in a mining college and learn more.

MK: Another Mining Hall of Famer, Bob Dickinson said the same thing in Vancouver in January.

So instead of ".30's are here, .20's next week?"

It's .90's and then multiple $$ next year.