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 LTGoldBullon Nov 26, 2007 9:13pm

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Post# 13870761

RE: I''''ll buy at 4 , 5, 6 dollars.

It is bad, but even at Capital Cost 5B, the numbers don't lie, it is still feasible at these metal prices. Something bigger behind the scenes is affecting this decision, maybe the Credit Crisis underway, Teck, I don't know but can't see today's engineering teams being off by more than double on Capital costs. See the 355 page Feasibilty Study, AU at 525, AG at 8, CU at 1.50, payback on capital 2.23B was 4 years. Todays metals 2 years less Cdn $ surge. 4, 5, 6 tomorrow will be awefully attractive on Donlin/ Ambler less Galore. Cheers, Mark

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