One-glance verdict
Not enough data
Fair value unavailable
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Fundamentals snapshot
Northern Dynasty Minerals Ltd.
NAK · ASE · Basic Materials · Other Industrial Metals & Mining
Current price
$1.40
52-week range
$1.08 - $2.98
Market cap
$786.97M
Balance sheet
Healthy
-25.75x Concerning
Net cash $35.00M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
1 Risk
0 rewards · 1 risks
View details ↓What this company does
Northern Dynasty Minerals Ltd.
Northern Dynasty Minerals is a company trying to develop a giant mine on land it owns in Alaska, which is believed to hold large amounts of copper and gold. The company is not actually selling any metals yet; its main business is exploring the property and trying to get government permits to start mining. Therefore, the company's success depends entirely on whether it can get the necessary approvals to eventually build and operate the mine.
How the company got here
Northern Dynasty was founded in 1983 and is a mineral exploration company, which means its main business is searching for and evaluating mineral deposits. [2] In 2001, it acquired the rights to a site in Alaska known as the Pebble Project, which contains a massive, undeveloped deposit of various metals discovered in the late 1980s. [7, 13] The company's entire history has revolved around trying to get this single project approved and built, but it has faced major roadblocks due to concerns about the mine's potential environmental impact on a major salmon fishery nearby. [18] A key turning point came in 2020 when a federal agency denied a crucial permit, followed by the Environmental Protection Agency (EPA) effectively vetoing the project in 2023, which has led to ongoing legal battles. [6, 13]
What it actually does
Northern Dynasty is not currently mining or selling any metals; it is a development-stage company. [26] Its sole focus is on trying to turn its one asset, the Pebble Project, into a working mine. [4] The company explores the site to understand the quantity and quality of the minerals it contains, which include copper (used in electrical wiring and electronics), gold and silver (precious metals used in jewelry and as investments), and molybdenum (a metal used to make steel alloys stronger). [2, 30] All of the company's efforts are spent on engineering plans, environmental studies, and navigating the complex and challenging permitting process (the official permission needed from the government to build and operate a mine). [6, 16]
The Pebble Project
This is the company's only business, and it doesn't generate any revenue (income from sales) yet. [1, 16] The project is based on a large piece of land in southwest Alaska that Northern Dynasty owns the rights to, which holds one of the world's largest known undeveloped deposits of copper, gold, and other valuable metals. [3, 24] The company's goal is to eventually get all the necessary legal and environmental approvals to build and operate a mine to extract these metals. [5] Because it is not yet a functioning mine, the company's value is based on the potential future profits if the project is ever developed.
What management is betting on now
The company's main strategy is to win its legal fight against the U.S. government to overturn the EPA's decision that is currently blocking the mine's development. [9, 12] Management is betting that the courts will find the government's rejection was improper, which would reopen the path to getting the required permits. [11] They also believe that the growing need for copper for things like electric vehicles and new technology will create political support for their project. [22] If they succeed in the legal and permitting battles, their next step would be to find a large partner company with the billions of dollars needed to actually build and operate the mine. [5]
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $1.40
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $35.0M - more cash than debt. Interest coverage -25.7x.
Net debt
$-35.00M
Interest coverage
-25.75x
Northern Dynasty Minerals Ltd. is healthier than 0 of 1 peers on balance-sheet leverage.
Healthy
Worse cushion
Baseline
Better cushion
NAK
BASELINE
Northern Dynasty Minerals Ltd.
Total debt $2.45M Interest coverage -25.75x This is the baseline the peer rows are being compared against.
What you should know
The case for and against NAK
0 Rewards
1 Risk
Rewards
Risks
-
Return on equity was -261.3% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-196.47x
P/B
96.84x
P/S
—
EV/EBITDA
-27.17x
PEG ratio
2.06x
Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
-261.3%
ROA
-14.0%
Health
Liquidity and balance-sheet strength
Debt / equity
0.30x
Current ratio
0.50x
Quick ratio
0.49x
Total debt
$2.45M
Total cash
$37.45M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
—
EPS TTM
-0.09
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$-16.41M
Free CF TTM
$-16.41M
FCF margin
—
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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