Today's Market and NAK

Copper - Gold - Molybdenum project in Alaska

Northern Dynasty's principal asset is the Pebble Project in southwest Alaska, USA, an initiative to develop one of the world's most important mineral resources.

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jcwillis

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Today's Market and NAK

posted on Feb 28, 2011 11:26AM

Got as high as $18.25 thus far, but trading seems suppressed. Volume is not even a half-million, and half of the trading day is gone. Kinda skimpy considering the end of last week and the news about the preliminary assessment.

Looking at large shareholders: Of the 94.5M of NAK shares, Rio Tinto holds about 20% (about 19M), while Mitsubishi holds 11% (about 10.3M), which adds to about 30%. My TDW info shows about 22% held by institutions. But, updates on info do not always occur at the same time. Also, shares may not only be from the US Market, but from the Canadian Market. So, these numbers might never add up correctly.

From NAK Company web site:

Three of the world's largest mining and metals companies have direct or indirect interests in the Pebble Project.

In addition to Anglo American's 50% interest in the Pebble Project and the Pebble Partnership, Rio Tinto plc and Mitsubishi Corporation have taken significant share positions in Northern Dynasty Minerals Ltd.

Rio Tinto plc has invested US$200 million to acquire 19.8% of Northern Dynasty shares, and Mitsubishi Corporation has reported they have acquired an 11% share position.