Northern Dynasty Minerals Ltd (NYSEAMERICAN: NAK) is screaming for the top in the market this morning. However, if you’re looking for SEC filings or press releases, you’re not going to find anything. While there is no news, there’s also very good reason to be excited this morning. Here’s what’s going on:
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President Trump Tweet
In a Tweet, President Trump had the following to offer last night:
Don’t worry, wonderful & beautiful Alaska, there will be NO POLITICS in the Pebble Mine Review Process. I will do what is right for Alaska and our great Country!!!
— Donald J. Trump (@realDonaldTrump) September 17, 2020
This has been a hotly debated topic. In fact, Politico recently wrongfully reported that the Trump Administration would block the Pebble Project. That no longer seems to be the case.
NAK Stock Heads Up As Conferences Continue
A few days ago Northern Dynasty Minerals announced that it would be giving presentations at two upcoming digital investor conferences. The first took place early this week on September 15th, when Ron Thiessen, CEO presented at H.C. Wainwright’s 22nd annual Global Investment Conference.
The second of these presentations will be taking place on Monday, September 21, at 11:00 am. In this presentation, Tom Collier, CEO at the Pebble Project, will be providing information at the Gold Forum Americas 2020 Conference.
So, what’s the big deal?
Conferences are huge opportunities for publicly traded companies at the stage of the game NAK is in. During these conferences, companies have the ability to tell their story to accredited investors and institutional investors with very deep pockets, driving important funding.
Beyond the opportunity to build investor interest, these conferences open the door to potential partnerships, which is something that NAK needs in order to bring the Pebble Project to fruition.
While I haven’t watched the presentation as of yet, I would venture to guess that Ron pointed out the fact that the EIS from the United States Army Corps of Engineers was positive and that the Trump Administration is likely to provide approval to move forward.
Keep in mind that NAK has been working for years and has spent more than a billion dollars to bring Pebble Project to fruition. If all goes well, it will be one of the largest precious metals mines in the world. So, the company is litterally sitting on a goldmine.
Looking Forward
There’s going to be quite a bit for Northern Dynasty Minerals investors to look forward to ahead. With a positive EIS and just a few tweeks to the plan needed to bring everyone over the line, NAK is closer to bringing the Pebble Project to life than ever before.
At the same time, recent declines due to a misleading Politico report suggesting that the Trump Administration would block the Pebble Project have brought NAK prices to incredible discounts, offering up a low cost way to get in on potentially tremendous future gains. All in all, if you’re not watching NAK stock yet, you’re missing out.
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