Thursday, December 9, 2010

NAK Breaking Out

I own a large and profitable position in NAK.  Today it broke out on no discernable news.  I love this company, read below.

"Since acquiring the Pebble Project in 2001, Northern Dynasty has delineated and advanced one of the world's greatest stores of mineral wealth.

Located on American soil in southwest Alaska, the Pebble deposit is remarkable for both its size and composition. Current resource estimate includes 5.94 billion tonnes in the measured and indicated category containing 55 billion lb copper, 66.9 million oz gold and 3.3 billion lb molybdenum; and 4.84 billion tonnes in the inferred category, containing 25.6 billion lb copper, 40.4 million oz gold and 2.3 billion lb molybdenum. Quantities of silver, palladium and rhenium also occur in the deposit."

I am always interested in owning American mineral assets, that is why I own Aurcana, Rebbit, Exeter mines, Uranium Resources, as well.

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