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.

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NovaGold Resources Ord Shs

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Post by tooclassyon Sep 12, 2006 2:50pm

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Post# 11352083

Mean Mister Mustard...I mean Mister Munk

Remember that Beatles song about a chintsy old man named Mean Mister Mustard, a man going to ridiculous lengths to save money? Well Mister Munk is acting like the guy in the song, trying to steal Novagold for dirt-cheap prices. He wouldn't dream of raising his bid... See news for today where Munk was quoted.. https://www.bloomberg.com/apps/news?pid=20601082&sid=afq56q0Cwc9Y&refer=canada Excerpt: Barrick Won't Have to Raise Novagold Bid, Munk Says (Update1) By Joe Schneider Sept. 12 (Bloomberg) -- Barrick Gold Corp., the world's biggest producer of the metal, won't have to raise its $1.5 billion hostile bid for rival Canadian producer NovaGold Resources Inc., Barrick Chairman Peter Munk said. When asked in Toronto today whether Barrick would have to raise the offer for NovaGold, which is below the current market price, Munk replied, ``absolutely not.'' He added, ``That's the arbitragers' problem, not mine.'' Munk made his comments while attending a meeting of shareholders of Trizec Canada Inc.

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