The Market Online speaks with Northern Dynasty Minerals President, CEO And Director, Ronald Thiessen as they discuss Recent Gains.
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00:00welcome back to the watch list i'm lindsey malchuk as we know president trump has signed
00:10an executive order to increase american mineral production ronald tyson ceo and director of
00:16northern dynasty minerals and its 100-percent-owned u.s-based subsidiary pebble limited partnerships
00:21joins us today to provide commentary on the executive order well welcome ronald this is a hot
00:26topic it is it is i get lots of calls every time there's an executive order that's issued somebody
00:34phone said did you have your permit now yeah i have to say uh unfortunately even with executive
00:39orders you're still going to comply with all the rules laws regulations absolutely so my first
00:46question then would be just a general overview of your stock gains i mean northern dynasty has seen
00:52a notable uptick in its stock price recently so to what extent do you actually attribute this
00:59momentum to market fundamentals versus that speculative interest and really how are you
01:04planning to sustain investor confidence moving forward well i would say you know first of all
01:10uh we're extremely undervalued we're the largest undeveloped mineral project in the world polymetallic
01:16gold copper silver rhenium molybdenum um and and the i would say the key to the the increase obviously
01:26it was the trump election and the executive orders especially the ones on inauguration day that were
01:31triggered by a request from the governor of alaska but more than that pebble has been through the
01:38complete permitting process so we went through uh three and a half years of permitting and it took
01:4610 years to get ready for permitting so we've been through all of it we didn't get the permit at the
01:5111th hour we appealed the denial and we effectively won the appeal the the denial has been repudiated
02:00and i think people realize that and so they see under the trough administration and these executive
02:06orders that we've got a really good chance of getting this permit and the timeline to the permit
02:11is effectively very short you know probably something like a year or so right so if we
02:18actually unpack that executive order just a little bit further i mean we have seen several pro mining
02:24and pro alaska executive orders since the beginning of the administration how could this one benefit
02:30northern dynasty and the pebble project well this there was one in particular that talked about
02:36federal land and we're on state land so many people said oh well you know you're not you're not on
02:42federal land that executive order didn't really apply to you except for the fact that there was one
02:47section of that executive order that wasn't qualified with a federal land um pretext it but it stated
02:57that the that the that the executives the head of the epa would uh would uh remove any impediments
03:05to permitting and then would expedite permitting the army corps of engineers and issue permits we are in a
03:14situation where we have a veto and we can't our appeal win can't be done until the veto is removed and that
03:22executive order basically says quite specifically remove any impediments to permitting well that was
03:30the veto so we believe and the epa reached out to us it's public uh notification that they wanted to put
03:40our litigation in abeyance so they could brief the new administration uh the new administrator and his
03:49staff on the issues around the veto and then have a conversation about them so i think that that seeing
03:55that in the public domain investors are really taking a new look at pebble saying you know if this go
04:02around pebble can get his permits it's one of the largest and most metal prolific projects certainly in the
04:10americas well we are definitely in some very interesting times and hopefully the movements being made will be a
04:18success thank you so much for sitting with us today thank you for the opportunity again again that was
04:25ronald teeson president and ceo and director of northern dynasty minerals now you can head over to
04:31their website northernminer.com to learn more i'm lindsay melchuk with stockhouse publishing we'll see you next time
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