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Dahlman Rose Looks Forward To First PEA On Pebble Project (NAK)


Dahlman Rose said today that it is looking forward to Northern Dynasty Minerals, Ltd.'s (NYSE: NAK) first Preliminary Economic Assessment (PEA), which is to be released early next year.

“Northern Dynasty principle asset is the giant Pebble project in southern Alaska, where Anglo American is in the process of earning in a 50% interest,” Dahlman Rose writes. “The asset contains an estimated 55Bn lb copper, 67MM oz gold and, 3.3Bn lb molybdenum in measured and indicated resources.

“Once developed into operation, the Pebble project would be among the ten largest copper producers in the word and among the world's largest producers of molybdenum and gold. In our view, production could commence as early as 2016. The joint venture has been working toward the completion of a Pre-Feasibility Study, targeted for early 2012, and immediately followed by initiation of permitting.”

Northern Dynasty Minerals currently trades at $13.83.


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Posted-In: Dahlman Rose Northern Dynasty MineralsAnalyst Ratings

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