Northern Dynasty Minerals NAK Stock News

Northern Dynasty Minerals Ltd (NYSEAMERICAN: NAK) is having a rough time in the market this morning, falling more than 7% before the opening bell. Nonetheless, the time to buy is when fear is high. This statement has never been more true considering the catalyst that’s just around the corner for NAK shareholders.

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NAK Stock Could Fly On Final EIS

Tomorrow, July 24, 2020, the United States Army Corps of Engineers is expected to release its final environmental impact statement (EIS). Wait, let me run that back a bit for the newcomers today.

Northern Dynasty Minerals has been working to bring a major project, known as the Pebble Project to fruition for years. The company is sitting on one of the world’s largest deposits of gold, silver, copper, and molybdenum in the world. It just can’t mine it… yet.

The reason it has been waiting years to mine is that the United States Environmental Protection Agency (EPA) has been fighting the company every step of the way as it is a delicate environment known as Bristol Bay, Alaska.

While NAK has produced report after report, showing that not only will there be little-to-no effect on the surrounding environment, they have shown that the project will greatly improve the struggling economy in this native Alaskan region.

Nonetheless, due to a settlement between the EPA and NAK, the company needs a positive EIS from the United States Army Corps of Engineers . Once this is done, permits can be applied for.

We know that there’s a strong chance that the EIS will be positive due to recent announcements surrounding the preliminary EIS. It showed exactly what Northern Dynasty Minerals has been saying for some time… little-to-no environmental impact, major positive economic impact. So, there’s no reason to expect anything different in the final EIS.

The best part of all of this…

It is expected that the United States Army Corps of Engieers will provide the final EIS tomorrow, July 24, 2020. Should this be positive, as it is expected to be, NAK will have made a major step toward bringing the Pebble Project to fruition. As such, the stock has the potential to see dramatic gains.

Final Thoughts

Sure, NAK stock is falling today. Investors seem to be taking profits from recent, dramatic gains. At the same time, concerns that the EIS may not be as positive as expected are likely putting some pressure on the top of all of it.

Nonetheless, all evidence points to a positive EIS, and if this is the case, the stock flies. As a result, in my view, the declines that we’re seeing in NAK represent nothing more than a steep discount on the gains that are likely tomorrow.

The author is LONG NAK and plans to hold his shares at least until the release of the EIS and possibly longer.

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6 COMMENTS

  1. I’ve been following NAK for a while. I managed to buy in at .61 in April. Just curious how long you plan on holding after the Final EIS report comes out?

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