| Cash Flow for Northern Dynasty Minerals Ltd (NAK) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (104,725) | (50,116) | (43,268) | (34,752) | (6,443) | | Depreciation & Amortization | 147 | 106 | 80 | 38 | 3 | | Deferred Income Taxes | (3,841) | (547) | - | - | - | | Operating Losses | 35,812 | (167) | 3,517 | 5,013 | 1,298 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (514) | (63) | (13) | (144) | 234 | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (234) | 4,016 | 117 | 2,400 | (22) | | Increase in Other Current Liabilities | 187 | 220 | (375) | (247) | - | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 11,190 | 5,189 | - | - | - | | Net Cash from Continuing Operations | (61,977) | (41,361) | (39,942) | (27,692) | (4,931) | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | (61,977) | (41,361) | (39,942) | (27,692) | (4,931) | | | | Sale of Property, Plant, Equipment | 28 | - | - | - | 3 | | Sale of Short Term Investments | - | 479 | - | - | - | | | Purchase of Property, Plant, Equipment | (228) | (297) | (91) | (360) | (10) | | Acquisitions | - | (70) | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | - | - | - | - | | Cash from Investing Activities | (199) | 112 | (91) | (360) | (7) | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 8,459 | 113,768 | 40,440 | 35,581 | 7,280 | | | Repayment of Debt | - | - | - | - | - | | Repurchase of Capital Stock | - | (3,210) | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | 8,459 | 110,558 | 40,440 | 35,581 | 7,280 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (53,717) | 69,308 | 406 | 7,529 | 2,342 | | | Cash at Beginning of Year | 94,336 | 11,115 | 10,728 | 2,868 | 329 | | Cash at End of Period | 40,619 | 80,423 | 11,135 | 10,398 | 2,672 | | | |
