Becoming a Pure Gold Play Focused on Donlin Gold.

•Donlin Gold, NovaGold's flagship project, successfully passed feasibility and has emerged as perhaps the most important gold development asset in the world today;

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Message: NovaGold may be valued at more than $6 per share not including its other assets.
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NovaGold may be valued at more than $6 per share not including its other assets.

posted on Jan 02, 2009 06:31AM

Part article

http://seekingalpha.com/article/1129...



NovaGold Resources Inc. (NG) has nearly 22 million ounces of gold (plus 4.5 billion pounds of copper and 62 million ounces of silver) in the Measured and Indicated classification. Barrick Gold Corporation (ABX) should complete a Feasibility Study on the Donlin Creek project, in a 50-50 joint venture with NovaGold, in early 2009, which should advance much of the 32 million ounces of in-pit Measured and Indicated resource into reserves. Donlin Creek is one of the world’s greatest undeveloped gold deposits. In 2007, drill hole DH-1556 intersected 299 meters grading 5.26 g/t (1,573 gram-meters) and DH-1564 intersected 308 meters grading 4.60 g/t (1,417 gram-meters). NovaGold’s other assets include the world-class Galore Creek polymetalic project and the Rock Creek gold mine. Based on NovaGold’s share of Donlin Creek alone, at $45 per ounce (less than one half previous conservative acquisition levels), NovaGold may be valued at more than $6 per share not including its other assets.

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