Toronto-listed Northern Dynasty has hit back at Beijing-based short-seller J Capital Research’s (JCAP’s) report on the company, calling it “fatuous, flimsy and fundamentally self-serving”. "We have heard and responded to the same baseless claims in JCAP’s ‘research’ report countless times since they were initially levelled by New York-based ‘short-and-distort’ firm Kerrisdale Capital back in 2017," said Northern Dynasty president and CEO Ron Thiessen.