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 paljoeyon Nov 24, 2008 7:18pm

347 Views

Post# 15607595

RE: 31.7 million oz Gold; 30yr life

The projects are too big for a cash poor junior like Novagold, and the payoffs are years away.
One cannot foresee its survival , as the cash calls are too onerous.
It wil be eaten alive before the year is out.
Better to buy GMN at 40 cents and take advantage of its $1.50 in hard cash, no debt and 5 other projects to sell..

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