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

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Comment by tigerseaon Jul 20, 2009 12:19am

558 Views

Post# 16149784

RE: NG Worth $75 a share?

garbage.

come back after you figure out the total costs.

NG really needs 1200/oz to start DC and 3.5/lb to start GC to justify IRR

where can NG get the cash to service current debt? let alone to borrow more for DC and GC? what kind of rate do you think NG need to pay? I'd say libor+10%. plug this into NPV and tell me if it is positive.

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