Whistling past the graveyard

Northern Dynasty has issued a response to the EPA's Pebble Mine announcement.

More bad news for NAK.

Northern Dynasty shares fell 32% on yesterday's news that the EPA is taking initial steps toward restricting or even prohibiting development of the proposed mine.

As expected the pro Pebble forces are crying foul over the EPA's decision.

There is even talk of legal action from the mine's supporters, as the industry has contested whether EPA can reject the necessary permit.

Mine supporters say that the EPA action is illegal because it is working with a "hypothetical" mine scenario.

LINK (via:The Washington Examiner)