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Gold/Mining/Energy : NOVAGOLD RESOURCES INC. (TSE:NRI; OTC BB: NVGLF)
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To: philv who wrote (47)3/25/2002 6:58:57 PM
From: Elizabeth Andrews  Read Replies (1) of 137
 
Prove up more resources? Are you kidding? Isn't 20 million ounces enough? The sand and gravel business barely breaks even let alone generating $10 million free cash flow. I suppose there won't be any dilution when they raise the US$605 million to put this into production? Ya, no problem, no problem.

Next, I'm going to focus a bit on the technical aspects of recoveries and pressure leaching and autoclaves. Homestake had a deposit like this in California. I'm sure they're ready to jump in again. Are you ready?

The pullback I'm expecting here could be analogous to the foreskin of an excited elephant.
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