Lundin says buy Northern Dynasty

2009-01-13 20:24 ET - In the News

Brien Lundin, in the January, 2009, edition of the Gold Newsletter, says buy Northern Dynasty Minerals Ltd., recently $4.33. Mr. Lundin said buy Northern Dynasty five times between March, 2002, and March, 2005, at prices ranging from 71 cents to $2.81. Assuming a $1,000 investment for each of the five buys, the $5,000 investment is now worth $19,125.

The company has updated its resource estimate at its Alaskan property, Pebble, one of the largest copper-gold deposits on the planet which it holds in a 50/50 partnership with Anglo American PLC. Pebble hosts a "staggering" 72 billion pounds of copper, 94 million pounds of gold and 4.8 billion pounds of molybdenum.

The newsletter editor quotes the company's president, Ron Thiessen, who commented on the project's size: "A modern, long-life mine at Pebble could produce one-quarter of America's domestic copper supply for 50-plus years, along with substantial volumes of gold, molybdenum and potentially other metals such as silver, rhenium and palladium."

Anglo American must spend between $1.42-billion (U.S.) and $1.5-billion (U.S.) to earn its 50-per-cent interest, part of which will cover a prefeasibility study due in 2009.

Hg