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2/20/17

Northern Dynasty: Ron Thiessen does BNN

From last Friday. Watch the segment right here

Personally, Ron T had me virtually at hello with his first salvo which was (and I quote), "We released an economic study in 2011 that speaks for itself". So speak to us, oh economic study!
  • A PEA (the flimsiest allowed under 43-101 rules)
  • A pre-tax IRR of 14%
  • According to the PEA a permitting track of between eight and 15 (yeah, that says fifteen) years.
  • Nobody really knows, but a capex of many many billions of dollars. Seven? Thirteen? Nobody knows! Sad!

Yup, speaks for itself. It's a bullshit project getting pumped by scumbags to idiots.