NAK - Northern Dynasty rises as Army Crops accepts Pebble mine RFA

Northern Dynasty Minerals ([[NAK]] +14.3%) jumps as much as 38% before pulling back, after the company said the U.S. Army Corps of Engineers accepted its request to initiate an administrative appeal process for its Pebble mine in Alaska.Northern Dynasty says the Army Corps confirmed the Pebble Partnership's request for appeal is "complete and meets the criteria for appeal."Army Corps guidelines indicate that administrative appeal process should conclude within 90 days, although may be extended under some circumstance.The Pebble mine economics are uncertain since any final mine plan that is approved may be substantially different than the options in the 2011 PEA, Elephant Analytics writes in a bearish analysis published on Seeking Alpha.

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Northern Dynasty rises as Army Crops accepts Pebble mine RFA