If you have some fun money and don’t care about the environment too much, NAK stock could be a potential gold mine down the road. However, that doesn’t mean you shouldn’t. This project would be a real shot in the arm. Covid-19 has been difficult for every state. That’s why NAK stock shareholders keep hanging in there. So, while it’s easy to say no to the project from afar, the benefits here make it difficult to pass on. In terms of taxes, it could also add more than $1.3 billion in state taxes and loyalties over 20 years (). Plus, the average mining wage would be $100,000. It would also add another 1,150 indirectly. However, there’s no denying the economic boost a project like this would provide the state.Īs Northern Dynasty’s presentation states, Pebble would add 850 direct jobs in Alaska. However, that’s only if it can get shovels in the ground - and that’s an enormous “if.” The Bottom LineĪnyone who cares about Alaska’s environment should be absolutely opposed to the Pebble Project. So, even with 509 million shares outstanding, NAK stock has got serious upside potential. Today, Freeport-McMoRan (NYSE: FCX) has a P/S ratio of 2.36. Based on 509 million shares outstanding, that’s revenue of $3.74 a share and an extremely attractive forward price-to-sales (P/S) ratio.įor comparison, Barrick Gold (NYSE: GOLD) currently has a P/S ratio of 2.81. And that doesn’t include the potential silver, molybdenum and rhenium reserves on the property.īased on a current copper price of $4.04 per pound and a gold price of about $1,713 an ounce as of today, we’re talking about close to $2 billion in annual revenue. Northern Dynasty estimates that it could produce 318 million pounds of copper and 362,000 ounces of gold annually over 20 years of mining. The company’s March 2021 presentation shows that Pebble could be one of America’s largest copper and gold producers (). Northern Dynasty’s current market cap is $306 million, despite having zero revenue, no other irons in the fire and no realistic chance of approval to establish its mine. Most of the TSX gold producers are also available on the other-the-counter market.Īnother quick screen on, though, and you can get 14 gold and silver producers trading at a dollar or less with a market capitalization greater than $100 million. Northern Dynasty has a dual listing on both the TSX and NYSE American.
Many junior gold producers trade on the Toronto Stock Exchange or TSX Venture Exchange. What’s more, using, you can’t do much better, though you can see NAK stock on the list. Additionally, there are no copper stocks trading below $1 - at least as listed on the site. stock exchange, you can only find four examples trading for less than a buck today and Northern Dynasty isn’t one of them. Using, out of some 41 gold stocks listed on a U.S. Yet, at about 60 cents a share, NAK stock does attract a certain kind of speculator. So, while USACE might be giving the Pebble Project a little oxygen, it’s hard to imagine a sane person giving any company the right to destroy pristine Alaskan wilderness. One chief reason, though, is the fact that the administrations of former Presidents Barack Obama, Donald Trump and now President Joe Biden have all opposed the Alaskan mine. 13, there are lots of reasons why investors should stay away from Northern Dynasty. NAK Stock: The Feds Don’t Like ItĪs InvestorPlace’s Ian Bezek wrote on Mar. Unfortunately, though, that news didn’t move the stock. Previously, in November 2020, the USACE had delivered a negative “Record of Decision.” However, Pebble Limited Partnership - of which Northern Dynasty owns 100% - now basically has a shot at a second chance. Army Corps of Engineers (USACE) had accepted Pebble Limited Partnership’s request to initiate “an administrative appeal” for Alaska’s Pebble Project, a potential mine development about 200 miles outside of Anchorage, Alaska. 26, Northern Dynasty announced that the U.S.
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