Northern Dynasty Minerals Ltd. (NAK) stock prices were up by 14.63% around the time market trading commenced on October 25th, 2021. This brought the price per share up to USD$0.47 early on in the trading day.
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NAK Stock Files 2021 PEA
October 25th, 2021 saw NAK stock announce the filing of its Preliminary Economic Assessment NI 43-101 Technical Report for its Pebble Project in Alaska. The 2021 PEA includes production, financial, and cost estimates for the proposed Pebble Project in Southwest Alaska, as described in the company’s permit application, and ensuing amendments, for the project. The PEA also evaluates three potential mine expansion scenarios, each of which has a potential projected mine life of more than 100 years. Prospective scenarios for gold recovery are also included, with the potential to form the basis for future permit applications and review.
The Pebble Project
The Pebble Project has the potential to facilitate the provision of more than USD$8 billion to the Southwest Alaska region through the Pebble Performance Dividend and the Lake and Peninsula Borough severance tax over the course of the life of these potential expansion scenarios. These benefits are in addition to the potential advantages garnered by the existing and possible future agreements with Alaska Native Village Corporations. The PEA anticipates strong economics for the Proposed Project, while also demonstrating significant optionality for future potential developments. Significant investments have been made to design the project so as to ensure its being build and operated with industry-leading environmental safeguards while generating substantial financial returns over the next several decades.
Synergistic Development
The 2021 PEA considers the effect of each potential expansion scenarios on financial results of third parties that own and finance the construction of key transportation and power infrastructure. NAK stock is proceeding under the assumption that these third parties will either construct the facilities with in-house resources or would be included in overall project construction management. The Pebble Partnership will facilitate the leasing, operation and maintenance of the facilities as a part of its overall mine operations. Lease payments from these collaborations are set to provide a market rate of return to lessors.
Future Outlook for NAK Stock
NAK stock is pushing for the accelerated approval and development of the Pebble Project in a bid to usher in unprecedented growth. The company is poised to capitalize on the massively expanded scope of opportunities afforded to it as a result of this development. Current and potential investors are hopeful that management will be able to leverage the resources at their disposal. This is hoped to facilitate organic and consistent increases in shareholder value over the long term.
