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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Post by sdeell1on Dec 15, 2008 2:02pm

753 Views

Post# 15646798

Response from IR

I received an email from Nova Gold last Friday. I have cut and pasted a few sections that I think might be of interest.

Many people are viewing this as an ideal time to purchase NovaGold shares. The stock price is way below the book value of our projects. NovaGold's share of the projects is more than $800 million, whereas the current market value is less than $60 million.

Our short-term focus is to renegotiate the bridge loan and bring cash into the company. We are confident that we will be able to do so and will likely have information out in the next couple of weeks. I understand that it may be consternating to not received news from NovaGold but there is not much to report back at this time.

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