Loading ...Here’s A Blast From The Past – Northern Dynasty
This was a big learning point for me. My original investment a few years ago went up from about $3 to $20, then plunged, and I got out at about $10 if memory serves me correctly. Anyway, I got back in again a while back and it’s up 10% today on some pretty important news (in terms of getting a mine actually built) https://www.juniorminingnetwork.com/junior-miner-news/press-releases/987-tsx/ndm/58467-northern-dynasty-us-army-corps-of-engineers-releases-draft-environmental-impact-statement-for-alaska-s-pebble-project.html#.XG20YfovmEg.twitter
It’s amazing how a miner can function bleeding debt for so long without going bankrupt.
It’s amazing how the United States can function bleeding debt for so long without going bankrupt. It’s exactly the same in both cases – FAITH and TRUST. As long as the ‘investors’ continue to have it, everything will carry on just fine. I mean, it’s not as if either of them is sitting on an asset so large it can wipe out the debt many times over…. oh, wait, the Pebble Mine would be one of the worlds largest ever discoveries of mineral wealth. On the other hand, the US has no store of wealth to pay off its debt – it’s screwed.