Is Northern Dynasty Minerals (NAK) A Good Buy After The Recent Fall?
6:59 am Friday, June 25th, 2021
Northern Dynasty Minerals (NYSEAMERICAN:NAK) is in the middle of a bit of flux due to the ongoing court case with regards to getting the rights to start operating its mine in Alaska.
That said, it is also necessary to keep in mind that the rising prices of commodities are also a factor that might keep many investors interested in the Northern Dynasty stock. However, it is important for investors to understand the court case in a bit more detail. The Pebble Project had been in trouble due to environmental concerns earlier but the company decided to appeal against the decision.
Last week, the United States Court of Appeals decided that the project could now be judged on its merits. Hence, it appears that a decision with regards to the key project could be determined one way or another in the near future.
This project is highly important for Northern Dynasty Minerals since at the end of the day the company is not going to be able to take any advantage of high commodity prices if it is not able to actually operate at its properties and product minerals.
The case is ultimately going to be decided by the potential trade-off between copper mining and economic profits against environmental concerns.
That being said, the latest development is a point for Northern Dynasty Minerals and it is going to be interesting to see if investors get into the stock in anticipation of a favorable verdict. Hence, it could be a good move to keep the stock in your watch lists.
