The rally in copper continues, you gotta love it. I wonder how much the value of our assets goes up in accordance with rising copper prices. The reason I say this is that Peter Grandich posted something on the Agoracom blog that says....

Northern Dynasty Minerals - New Coverage with a $20 Price Target

February 3rd, 2009

Dahlman Rose & Company (www.dahlmanrose.com) issued the single best research report I’ve read on NDM. It was part of a research report entitled, “Emerging Miners with Big Projects, Value and Leverage.” It’s dated today.

Unfortunately, I can’t copy it nor distribute it. I can tell you that they stated that NDM’s NAV (Net Asset Value) is $19.64 at today’s metals prices. Their price target is $20. I believe the prices are U.S.

One of the most interesting comments to me was their notation that for every $.50 increase in the copper price, they believe it adds $12 to the price of the stock. For Moly, it’s $4.