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NovaGold Resources Ord Shs T.NG

Alternate Symbol(s):  NG

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

Bullboard Posts
Post by 2511MacDonaldon Dec 31, 2009 6:00pm
758 Views
Post# 16630540

Donlin Creek Reserves

Donlin Creek ReservesThe core value of this company is the Donlin Creek property with 20 million measured and indicated ounces net to Novagold. Next year (2010) will be a big year for oil and gas mergers. I have followed Novagold for many years and feel that the value of the company is not reflected in the stock price. These reserves would be better as part of a larger company where the value would be reflected in the stock price. Franco Nevada would benefit the most from the acquisition of the Donlin Creek property. This would give them a "trophy" asset and a long term production base. I believe that it is time for the Novagold management to sell the company to a stronger company such as Franco Nevada. If a deal is done in 2010, shareholders could realize about $12.50 per share. I would take Franco shares in exchange, no cash required.  Novagold management did a good job to take the company this far. New management is needed to get to the next level (production decision at Donlin Creek). This would eliminate some suffering for NG shareholders and the lawsuit could be settled.
Bullboard Posts