This Is the Real Reason to Love Northern Dynasty Minerals Stock
Northern Dynasty Minerals' (NYSEMKT: NAK) giant Pebble copper and gold mine project in Alaska was given a new lease on life following the election of Donald Trump. After stalling under the previous administration, permitting appears to be back on track for this upstart miner. Most people are caught up in the potential size of the mine, but that's not the real reason to love Northern Dynasty Minerals stock.
To be honest, size is definitely an important factor with the Pebble project. According to Northern Dynasty's estimates, the mine could be the largest undeveloped copper and gold resource in the world. It believes there's as much as 57 billion pounds of copper, 70 million ounces of gold, 3.4 billion pounds of molybdenum, and 344 million ounces of silver in the mine. Those figures could be on the low side, too, if the company is lucky.
Image source: Getty Images
Source: Fool.com
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