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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 leakeybillon Nov 26, 2007 9:53am
582 Views
Post# 13866063

New Agreement

New AgreementIt looks like the entire project took a major step back in my humble opinion. Why would Teck not spend any more money, it looks like they own 50% of the project now is that true, no other company in the wings, new economics required and a new resource estimate after 3 months of working together? 70 feet of snow, and 5 billion dollars, or the entire approach to the project where is the problem. Teck don't have to spend any more money to earn 50%? Looks to me like this stock is going down down down, how could any investor have an confidence in regards to previous results, the pres of Rio says prices will be strong for 25 years to come.
Bullboard Posts