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

Bullboard Posts

Post by tooclassyon Aug 29, 2006 2:18pm

473 Views

Post# 11289267

NG downside?

I have not heard anybody consider the possibility than Barrick will not increase its bid *and* that nobody else makes a tender offer for NG either. In that case the stock could drop to near where it was prior to when it got the Barrick offer. I am afraid nobody else will want to wade into this mess because it will be unclear whether that suitor will ultimately be getting 70% of Donlin Creek or just 30%. The value of NG with 70% is much different than the value of NG with just 30%. Would anybody like to make a guess as to the odds a suitor will make a superior offer under these circumstances?

Bullboard Posts

Abcourt Mines launches Flordin property drill campaign