Analysts: Pebble Mine Not Commercially Viable; Northern Dynasty Trying to Hide Facts from Investors
SEAFOODNEWS.COM [Seeking Alpha] - February 14, 2017
Northern Dynasty’s key asset, the low-grade Pebble deposit, is not commercially viable: mining it would require so much upfront investment that it would actually destroy value.
Kerrisdale believes Northern Dynasty’s former partners concluded that the Pebble project had a negative present value – an assessment that Northern Dynasty has spent years trying to conceal from public.
Frenzied investor enthusiasm over the benefits that Trump presidency will bring to Pebble project overlooks an ineradicable threat of a veto from either Alaskan government or future Democratic White House...
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