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Capstone Copper Corp. (CS $9.82)
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Northern Dynasty Minerals Ltd. (NDM $1.26)
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Aris Mining Corporation (ARIS $11.95)
NDM has been on quite a run lately. I previously held this name back in 2016 for a short-term trade, during a time when there was renewed optimism around exploration and the potential development of the Pebble Project.
I’d appreciate hearing your current insights and outlook on NDM. How do you view its valuation and broader expectations moving forward? I understand that some of the recent movement may be linked to the “Trump trade” narrative—do you see any real merit to this as a viable trade or longer-term hold? Do you have any updated price targets?
Also, are there any other names in this space that you currently prefer?
Thanks in advance.
NDM has more than doubled this year. The company sits on the world's largest undeveloped copper mine, in Alaska. The mine was blocked by the Biden administration on environmental concerns. However, Trump has signed an executive order to increase the US's mineral production, and this has raised hopes that the mine could now get a green light to further development. Certainly it is an attractive asset, but it is always difficult to predict a government's move, or environmental impact. Certainly recent developments make the stock much more attractive, but it does not guarantee development. We would still consider it a bit more than a coin toss. BUT...if approval is ever granted, we think the stock would do very, very well. It is a robust project and ths stock has, historically, been more than $20/share before all of its issues. Still, we really do not like betting on government moves. In small cap land, we would prefer ARIS (gold) or CS (copper, but more of a midcap).