Northern Dynasty Minerals (NAK) Stock Never Looked So Good!

Northern Dynasty Minerals NAK Stock News

Northern Dynasty Minerals Ltd (NYSEAMERICAN: NAK) is feeling some serious pain in the market this morning, trading on declines of nearly 40%. However, the stock has never looked so good in my opinion. The fact of the matter is that this dip is a huge opportunity. Here’s why:

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NAK Stock Dips On Politico Report

OK, the term dip might be a bit of an understatement. The stock is tanking! The declines come after a Politico report suggested that the Trump Administration will reject the Pebble Project. Of course, this would be painful.

Northern Dynasty Minerals has spent more than $1 billion and several years in an effort to bring the Pebble project to fruition. If the Trump Administration blocks the development of the project, all of that time and money would have been spent on, well, nothing.

So, there’s a very real reason for the declines.

Shortly following the Politico report, NAK issued a rebuttal, explaining that the report was unfounded. Moreover, the company said that the process is moving along as normal, with the United States Army Corps of Engineers set to publish further details about the project today.

Keep in mind, the US Army Corps of Engineers recently published its final EIS, suggesting that the Pebble project would be a positive for Alaska overall with little to no environmental impact.

In the rebuttal, NAK called the Politico report a mistake that was likely the result as a rush to publish rather than a focus on due dilligence. The company went on to say that it doesn’t expect for the Trump Administration to take an Obama-like approach to the review.

The company also pointed to ongoing interaction with the Army Corps of Engineers, which leads to the belief of further positive news coming from that area.

Is This Really An Opportunity?

I happen to agree with Northern Dynasty Minerals here. First and foremost, just from a political standpoint, things are looking good. The Trump Administration is all about keeping America productive, and that’s exactly what the Pebble Project would do.

When you take political agenda into account as well as the recent EIS report from the Army Corps of Engineers, and the continued support fo the project by the Engineers, suggest that permitting is indeed around the corner. So, the vast declines seen in the stock today may prove to be a tremendous opportunity for savvy investors.

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