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.

TSX:NG - Post by User

NovaGold Resources Ord Shs

Bullboard Posts

Post by seanyboyon Jan 26, 2008 12:27am

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Post# 14266250

Donlin Creek, Barrick

I'm curious if anyone has a view on what Barrick's next move will be after the release of the resource update for Donlin? This is pure speculation, but if I were in Barrick's position I'd much rather take NG out early and cheap than wait to see where we might be at 3 or 6 months later. Is it too early to take another run at it? I figure they'd be crazy not to give it another go.

Also, does anyone figure either Rio or Teck would make an offer (or counter-offer? Will everyone likely wait until the credit mess stabilizes before doing a deal?

Bullboard Posts

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