NAK

[Jones]

New to the forum, and new to stock investing, but I wanted to try out posting, and I like NAK, I have been invested in  them since 2002, before Anglo bought into the pebble project.

[sunseeker]

Hi Jones
A very warm welcome to you. 

I am not a holder but I find it incredible that they have such a great property that has been championed by the likes if Peter Grandich, Jay Taylor, and Greg McCoach but has only turned in a fairly average performance. A lot of investors felt that they’d been sold short with the Anglo American agreement.
I had much the same opinion about Northern Orion (which I did hold before Yamana stepped in).

An extract from a Casey Research .pdf file.

“As you approach the topic of “property” keep in mind that between 95% and 99% of all properties controlled by mining companies will never actually become mines.”

(Unfortunately this document is no longer available. I had to copy this extract from an old computer of mine).

All too often the seniors step in when the most of risks have already been taken, and the discoverer is crying out for finance.

A good company but NAKs exposure to the price of copper concerns me at this point in time, as copper usually starts to experience difficulties around October November time.

As a holder you may well see it from a different angle.

I look forward to hearing from you in the future.

ATB 

[sunseeker]

Hi Jones
I hope that you are still with us.

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=90071&sn=Detail

Not good news. 

ATB 

[Uboat]

Copper miners outflank gold rivals

http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=90099&sn=Detail

[Jones]

The environmentalists are fighting to stop this mine from developing, but they are having a hard time finding something to fight about.  That is why they are trying to get jewelers to boycott future production.  This mine is located in an area of Alaska set aside for mineral development, and the discovery is over 100 miles from Bristol Bay.  It is located on the divide between Cook Inlet and Bristol Bay.  Saying that this discovery should not be advanced to production is like saying there should be no mines on the continental divide between Nevada and California as it may endanger the pacific coast.  If the State of Alaska blocks this mine, then they should reimburse NAK as the claim holders of the minerals in the ground.  In my opinion, and with my knowledge of the local fisheries, this mine can easily be developed, on some level, without harming Bristol Bay or Cook Inlet.

PS: I live in south central Alaska, directly across Cook Inlet from the pebble project, and I don't see this mine being stopped without somebody buying it out.

[Depleted]

Hi Jones, Welcome to the board! All posts welcome  . I am not holding any NAK, but am interessted in the story.
Here is a link, older news, but gives a good overall look at NAK's Pebble Prospect...
The scenery up there is nothing short of spectacular....Cheers, D

http://northerndynastyminerals.com/i/pdf/ndm/2009-01-01_ME.pdf