Not_fan, I agree with you about the Pebble deposit, and it is a very good comparison to show the low value of Northern Dynasty against the low value of NOT. But just for the record, Northern Dynasty, with it's 900mil market cap, owns 50% of pebble, and though the deposit is massive, it is very low grade, so the profit margin is very low.

As another comparison, Exeter (500mil market cap) of has around 40 million onzes of gold, but it too is very low grade, while Ventana has 3million onzes of gold with an offer to buyout at 1.5billion. The difference is Ventana is high grade.

Noront is high grade, ie: more like Ventana than Northern Dynasty (but nickel).