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couldbebetter

06/27/20 8:18 PM

#22959 RE: tootalljones #22956

$2 Trillion in metals? Seems a stretch...right now the total metal
value of the Pebble deposit might be around $500 billion (keep in
mind the current mine plan is to "only" mine about 12% of it.

Still, to get to $2 trillion would require that metal prices move up
about 3 fold (not at all implausible to consider $5400 an ounce gold
within the next 30 years) or...that other Pebble sized deposits are
confirmed (eventually) over the next 30 years or so. A partial
combination of both could in time lead to a metals in the ground
valuation of $2 trillion...though it might take 100 years or longer
to get them out! The most valuable company on Earth today is Apple
with a market cap of around $1.5 billion. My guess is in a hundred
years people will still need copper and gold will certainly continue
to be highly valued.

My opinion is that NAK will be trading over $2.00 over the next 6 months.
Regardless of who wins the election the gold will ultimately be
extracted as all great buried treasures eventually are dug up. Any
mining company would be foolish not to buy NAK, even if the they have
to wait longer for its eventual full development. The prize is worth it!