Northern Dynasty calls JCap report ‘fatuous, flimsy and self-serving’
MINING.COM Staff Writer, 11 September 2020
In a report titled Pretend and Extend – The No Return Deposit, New York-based JCap this week accused Northern Dynasty management of “gaslighting investors” over its giant Alaska copper and gold Pebble project and said the mine plan “is on its face absurd.”
“We believe Northern Dynasty has crafted a money-losing mining plan to achieve government approvals. Since management is bonused on lobbying success instead of for producing minerals, NAK has no reason to care that the new plan is irrational: we think it will lose money, leave investors with a stranded asset, and be canceled anyway if Joe Biden is elected,” JCap said in its report.
