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Gold/Mining/Energy : Precious and Base Metal Investing

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To: d:oug who wrote (381)	10/30/2001 2:16:50 AM
From: Fishfinder	Read Replies (1) of 39344

To all I just took a look at the Nova Gold news and web site info. I must say they have some extremely good results. This has definately been reflected in the share price of late. I wonder if we should be looking at Nova Gold for some discussion. Below is a paste from their web site comparing themselves to some other juniors as an investment. I don't have the knowledge to understand it all. But if any of those in the know feel this is worth a little discussion it would be great. Here it is. <<<Company Comparisons: As a comparison with other quality Junior Mining Companies, NovaGold offers exceptional investment value. NovaGold has one of the largest and highest-grade gold resources of ANY Junior Mining Company in the world(1). A recent published study showed that the median North American Gold Producer Market Cap Per Ounce was $74/ounce of resource with a range from $27-138. Junior Mining Company Value Comparison Total Gold Resource (MOz) Total Shares (Millions) Ounces per Share Recent Share Price (C$) Market Cap (Millions) Net Cash (Millions) Net Market Cap per Ounce(2) NovaGold (T-NRI) 13.4 27.2 0.49 1.95 53.0 2.5 3.77 Gabriel (T-GBU) 11.4 81.5 0.14 3.97 323.6 1.0 28.21 Miramar (T-MAE) 6.9 60.2 0.11 1.00 60.2 11.6 7.04 Minefinders (T-MFL) 3.2 20.1 0.16 1.65 33.2 0.6 10.18 Francisco (V-FGX) 2.4 16.4 0.15 6.75 110.7 32.9 32.15>>> (( this is actually a readable chart that is on their website www.novagold.net investors page.)) One question is net market cap per OZ. Nova at $3.77 and FGX at $32.15 and MFL at $10.18 What might the implications of this be? Regards Scott

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