Welcome to the Crystallex HUB on AGORACOM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
Message: Northern Dynasty Receives Positive Preliminary Assessment Technical Report for G
you are welcome JC, for the past 8 years or so I've followed NAK and traded along with Ivanhoe Mines (TSX:IVN)(NYSE:IVN) NovaGold Resources Inc. (NYSE Amex:NG)(TSX:NG) and a company called Crystallex (don't know if you have heard about) all with huge ore bodies.
after reading NAK report yesterday, think if all goes well this could double, found this TD report today
Northern Dynasty target boosted by TD after study
09:56 EST Thursday, February 24, 2011
* Raises price target to C$44 from C$26
* Shares jump 10.2 pct to C$19.22 in early trade (In U.S. dollars unless noted)
TORONTO, Feb 24 (Reuters) - Brokerage firm TD Newcrest boosted its price target on shares of Northern Dynasty on Thursday, after the Canadian exploration company offered promising data on its Pebble copper-gold-molybdenum project in Alaska.
The project, which is 50-50 partnership of Northern Dynasty and diversified miner Anglo American , contains roughly 55 billion pounds of copper, 67 million ounces of gold and 3.3 billion pounds of molybdenum, in the measured and indicated categories.
Pebble, which is expected to cost roughly $4.7 billion to build, has the potential to produce more than 500 million pounds of copper and more than 600,000 ounces of gold annually, according the Northern Dynasty's preliminary economic study.
The company, which counts Rio Tinto and Mitsubishi Corp <8058.T> among its largest shareholders, said the latest study confirms both Pebble's viability and its long-term potential.
In a note to clients, TD analyst Craig Miller said the preliminary assessment outlines robust economics for the Pebble project. He raised his price target on shares of Northern Dynasty to C$44 from C$26.
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