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Gold/Mining/Energy : NOVAGOLD RESOURCES INC. (TSE:NRI; OTC BB: NVGLF)
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To: pogbull who wrote (101)10/16/2006 8:23:01 PM
From: Jacque Legg  Read Replies (1) of 137
 
Barrick Gold now controls the site of the waste rock disposal area and the tailings impoundment area for the Galore Creek project (they recently purchased Pioneer Metals, which owns the rights to adjacent Grace property, where Novagold must deposit their waste rock and tailings: no other sites exist with 50 miles in this mountainous area). If they do not win in the battle for Novagold, they can strangle Novagold's efforts to bring Galore Creek into production.
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