Thursday, August 3, 2017

Northern Dynasty Minerals (NAK)

I have owned Northern Dynasty for years in spite of its ups and downs.  It will be one of the biggest mines in the world if it is completed, and it has experienced a tremendously unfair amount of bad news from environmental groups.  The biggest argument is that it will pollute Bristol Bay which is 100 miles away.  Such arguments are pure nonsense.

Here is a great article on Seeking Alpha about the pros and cons of owning NAK.  The bears will eventually be overcome, and bulls for Northern Dynasty will be greatly rewarded.  The majority of the people in Alaska will probably see the great financial benefit of the mine in the next few years, and they will shut up the environmentalists.  Also, Trump and the Republicans are in complete control of the government now, and they are much more reasonable on environmental issues.