Northern Dynasty Minerals Ltd. (USA) (NAK)

YeahBuddy79 (38.04) Submitted: 5/05/08 4:32 PM : Start Price: $10.00 NAK Score: -47.03

Info I have gathered that may help.





The Pebble Partnership Board has approved a $140.1 million budget to advance the Pebble Project in 2008. Planned activities include:


- a $61.6 million drilling program to upgrade a portion of the mineral resources in the Pebble East deposit to an indicated category to support the completion of a pre-feasibility study and also to test for the full extent of the deposit;


- a $30.2 million engineering program to support the completion of a pre-feasibility study, including detailed metallurgical testwork and infrastructure studies;


- a $24.9 million environmental study program to complete the Environmental Baseline Document for the Pebble Project, to support the completion of a pre-feasibility study and undertake ongoing monitoring; and


- a $14.8 million community engagement and public affairs program to advance stakeholder relationships, public education and project support.


The 2008 site program began in February. Some 157,000 feet of resource drilling is planned, focused on the Pebble East deposit. Six rigs are currently deployed, with over 22,500 feet drilled to date this year.


About $220 million has been invested in the development of the Pebble Project since 2002, including $87 million on environmental and socio-economic studies. The environmental baseline document is expected to be finalized in the first quarter of 2009, and will be used to evaluate various mine design alternatives prior to the submission of a proposed development plan for permitting.





With that said I think this company has a big future and should have a big long term.

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