Yes NAK Management is smart.....being smart they must realize that Pebble is a long way off!

Hay Mountain on the other hand for mere $1million for initial drilling can discern the reality of the invisioned humugus find.

Hay Mountain could very well beat Pebble into production by several years with fast-production, non-EPA Issues and infrastructure easily developed compared to Pebble.

http://www.foxbusiness.com/markets/2016/12/27/here-why-northern-dynasty-minerals-ltd-just-surged-33.html

"What investors really need to understand here is that Northern Dynasty is a long way from commercial production. In fact, it's still in the process of determining if it's even economically feasible to mine the Pebble Project, which makes up the bulk of its $400 million-plus valuation. As noted in the company's third-quarter earnings report, "The Group's continuing operations and the underlying value and recoverability of the amounts shown for the Group's mineral property interests, is entirely dependent upon the existence of economically recoverable mineral reserves." In other words, there's no guarantee Northern Dynasty Minerals even has an economically viable mine, yet it sports an inflated valuation."