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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 i2on Sep 30, 2006 12:28am
307 Views
Post# 11443244

look at FCP

look at FCPthey toughted their project to be worth over $20...no one bid what they wanted and now the stock trades at $7........could the same happen here............damn right...what legitimate company would want a fight with a legend like Peter Munk...he didnt just become a billionaire because he let some fly by night promoters force his hand...I think if anything Peter will cause these fools to fold their hands before they will cause Peter to fold his hand............... I would put my money on Petere Munk rather the these clowns that want to ride the Peter Munk ladder to huge riches........who is in control of this project...it is ABX...and they will remain in control...becuase they knwo the business..........if ABX abandons this discovery..no other major will touch it....the stock price of NG will plummet AKA FCP did..................so dont bet your life saving on this one going sky high..like some did when FCP was in play..........
Bullboard Posts