Hunter Dickinson Companies:
Heatherdale Resources Ltd. | Curis Resources Ltd. | Northcliff Resources Ltd. | Rathdowney Resources Ltd. | Constantia Resources Ltd.
Robert Dickinson is the Chairman and co-founder of Hunter Dickinson Inc., a Canadian corporation, which since 1985 has grown to become one of the largest and most successful mine development groups in North America.
XL: Ron and Bob, thank you for agreeing to this interview-it's great to have Hunter-Dickinson join the Explorer's League.
BD: We're delighted to be included.
XL: Everyone knows a little about Bob and Bob, the two men who gave Hunter Dickinson its name, but not so many know about Ron. Bob Hunter is retired, Bob Dickinson is here to answer our questions, and so is Ron. Let's start with a brief look at Ron's role in HD.
Northern Dynasty Minerals (T.NDM; Amex: NAK) received an updated 43-101 Preliminary Assessment on the Pebble copper-gold-molybdenum project in southwest Alaska. The independent report called it “one of the most important metal producers of the 21st century.” Three cases were outlined – 25, 45 and 78 years, with the 45-year “reference” case showing Pebble producing 31 billion pounds of copper, 30 million ounces of gold, 1.4 billion pounds of molybdenum, 140 million ounces of silver, 1.2 million kilograms of rhenium, and 907,000 ounces of palladium. This scenario yields a 14.2% pre-tax IRR, a 6.2-year payback on initial capital investment of $4.7 billion, and a $6.1 billion pre-tax NPV at a 7% discount rate. Northern Dynasty owns 50% of the project.
Here’s a good video of XL-er Ron Thiessen discussing Pebble and what they’re focusing on this year.