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Copper - Gold - Molybdenum project in Alaska

Northern Dynasty's principal asset is the Pebble Project in southwest Alaska, USA, an initiative to develop one of the world's most important mineral resources.

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jcwillis

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Open with More Downside

in response to

Re: NAK News From Yesterday, CEO saying "Major Miners" May Bid

siegfried

posted on Mar 10, 2011 09:55AM

Another half a million shares sold off to open this morning, reaching into the low 14's.

Seems they need financing/commitments to do this project. NAK mentioned that they need $4.7 Billion to bring the mine into operation. There is $1.5 Billion committed, so they need an additional $3.2 Billion.

$3.2 Billion is a pretty hefty amount.

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