Northern Dynasty owns half the Pebble Project in Southwestern Alaska, the remainder is owned by Anglo American. Pebble has a 25 year mine life, although it could extend up to 78 years, and has measured, indicated and inferred resources of 80.6 billion pounds of copper and 107.3 million ounces of gold. Production is expected in 2019 and using gold as a byproduct, Northern Dynasty could produce a pound of copper for negative 10-15 cents, which could mean up to $3 billion in profits a year, pretax. Counting gold as the main metal, cash costs would be under $100 an ounce.
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