Shares of Northern Dynasty Minerals (NYSEMKT:NAK) are currently extremely overvalued due to the regulatory, logistical and economic problems regarding their only mine. The next essential step for Northern Dynasty is to partner with a larger company in order to develop the Pebble mine and if you factor in all of the roadblocks the mine still faces, it is unlikely they will be able to find a partner company.

Having been previously abandoned before by companies with pocketbooks that were far deeper than Northern Dynasty Minerals', Pebble is likely a dead duck, and Northern Dynasty's stock is potentially worthless.

A New York investment firm tore apart claims by the owners of the Pebble mine project that developing the prospect is economically viable in a no-holds-barred report released Feb. 14.

Yesterday, a private investment management firm out of New York released a report about Pebble's sole investor, Northern Dynasty Minerals. The report called Northern Dynasty's claims "worthless" and the project, "not commercially viable."

Northern Dynasty’s long-planned gold and copper mine, located inside a key salmon spawning habitat, is less a secret fortune-maker and more an elaborate pump-and-dump stock scheme, investment analysts from Kerrisdale Capital said Tuesday.