NAK - Northern Dynasty Minerals: With Biden Winning Pebble Mine's Probability Of Success Is Greatly Diminished

• Northern Dynasty Minerals has seen extreme volatility this year due to the rise in gold and, more importantly, intense political drama and scandals surrounding permitting its Alaskan mining property.
• Most Democratic leaders and activists are opposed to the Pebble Mine with Trump being apprehensive to allow permitting (under pressure from Trump Jr.).
• The Obama-Biden Administration blocked the project in 2014 and Biden has vowed to do so again. With Biden winning and Congress moving to the left, Northern's prospects are further diminished.
• However, if Northern wins the Pebble mine permit, I estimate that the company's fair value would rise to $4.1 per share if not higher, 400% greater than its price today.
• Due to the expected permit veto, I would avoid the company. However, its warrants may be a better opportunity.

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