Northern Dynasty Minerals Ltd (NYSEMKT:NAK) has been notified of a distort and short campaign by Kerrisdale Capital. This campaign has recently issued a negative stance piece the central topic of which is that company’s massive gold/ copper assignment in Alaska is uneconomic.
Northern Dynasty will be answering with an initial refutation which will be seen on its site by the close of the week. The refutation will expose the numerous outright misstatements and inaccuracies in the Kerrisdale report. Pebble Project is unquestionably one of the world’s main undeveloped gold/copper deposits with a prospective mine life which is calculated in decades.
Kerrisdale mentions no scientific or technical studies whatsoever and depends on numerous unnamed persons who were supposed to have been related with the project numerous years ago. Shareholders should not depend on the Kerrisdale report and should look for the firm’s detailed advancement now in progress.
Northern Dynasty comes in the list of mineral exploration and development firm based in Vancouver. Its major asset is the Pebble Project, an initiative to advance one of the world’s prime mineral resources. Last month, the stock of Norther Dynasty gained more than 20% in two successive sessions following a report that the Trump administration backs the miner’s Pebble assignment in Alaska, one of the globe’s largest undeveloped gold and copper deposits.
CEO Ronald Thiessen stated that they will come to a resolution in next 100 days in the miner’s disagreement with the EPA, which a couple of years ago blocked Northern Dynasty from applying for a license for Pebble as it mentioned “possibly dangerous impacts” to the world’s leading sockeye salmon fishery.
The CEO added that the company anticipates to find a new associate for Pebble’s advancement by October, and that a normalized permitting procedure under new EPA leadership probably would take about 4 years and cost $150 million.