Northern Dynasty Minerals (NAK) Stock Climbs Today: A Bullish Move?

The most significant monthly gain was $0.5993 on September 23, after the stock failed to outperform the change, and it began a 30% decline. However, now it is enormously surging by over 31%, trading at $0.5300. Northern Dynasty Minerals the total market capitalization is 222 million. The company recently announced that a Preliminary economic analysis for the Northern Dynasty’s Pebble Project had been completed, with expected strong financial outcomes, tremendous optionality, and significant advantages for Alaska.
In report says that in Life-of-mine, the metal output equaled 6.4 billion pounds of copper, 7.4 million ounces of gold, 300 million pounds of molybdenum, 37 million ounces of silver, and 230,000 kilograms of rhenium. Furthermore, the average annual metal production represents almost 320 million lb copper, while the oz gold is 368,000 and the lb molybdenum is 15 million. In addition, the average annual Net Smelter Return (“NSR”) resulted in more than $1.6 billion and LOM NSR of $32 billion.

April Sanchez

Business and Tech Reporter