Could Trump Develop the Pebble Mine?
Northern Dynasty Metals (NAK) gained by 26.27% on Friday trading 37.55 million shares of volume after Trump signed the ‘Immediate Measures to Increase American Mineral Production’ executive order to push through permits for new gold, copper, uranium, and potash mines.
Will Trump push through the Pebble Mine in Alaska? Mitsubishi, Anglo American, and Rio Tinto all backed out years ago because the sockeye salmon are very tasty, but if it ever had any chance of being developed it would be from President Trump.
So maybe it had a 2% chance of being developed before and it has a 5% chance of being developed now. NAK is likely to gain another 50%-100% based on the speculation.
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