NovaGold Resources Ord Shs T.NG

Alternate Symbol(s): NG

Metals & Mining Gold

NOVAGOLD Resources Inc. is a precious metals company, which is focused on the development of its 50%-owned Donlin Gold project in Alaska. The Donlin Gold project is a development-stage gold project. The Donlin Gold property is located in the Kuskokwim region of southwestern Alaska on private, Alaska Native-owned mineral and surface land and Alaska state mining claims. The Donlin Gold deposits are situated at approximately 62-degree North latitude and 158-degree West longitude, which is 450 kilometers (km) west of Anchorage and 250 km northeast of Bethel up the Kuskokwim River. The project is held by Donlin Gold LLC (Donlin Gold), which is owned 50% by the Company's wholly owned subsidiary, NOVAGOLD Resources Alaska Inc., and 50% by Barrick Gold Corporation's wholly owned subsidiary, Barrick Gold U.S. Inc.

TSX:NG - Post by User

NovaGold Resources Ord Shs

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Post by 2511MacDonaldon Nov 19, 2009 12:18pm

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Post# 16503851

NAV is $7.50 - $12.50

I've bought a small position in NG once again. The core value is in the Donlin Creek asset. Suggest spinning out the Rock Creek and Galore Creek assets into separate companies. Donlin alone is worth $7.50 - $12.50. BHP will take Galore Creek. My target is $5.00 - $5.75 by year end.

MAC

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