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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Comment by tooclassyon Nov 09, 2006 10:59pm

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Post# 11653974

RE: Novagold above $16 in aftermarket!

Stubbs wrote: The only problem with that logic is they call back their shares then dump in the market they shoot themselves and others in the foot. How low would it go with millions of shares being sold in the market." -------- I don't understand what you're saying. The lid has come off Novagold and the stock could rise nicely now. Short sellers will have to cover. All this will be tempered by de-tendered shares which will get sold in the market, but in no case below $16.00.

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Futures Flat Amid Key Data in Canada and US