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Gold/Mining/Energy : NOVAGOLD RESOURCES INC. (TSE:NRI; OTC BB: NVGLF)
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To: Davy Crockett who wrote (46)3/25/2002 11:37:25 AM
From: philv  Read Replies (3) of 137
 
Alaska isn't Greece.

The issue of permitting, pollution, containment ponds, etc. is probably pre-mature in any case. There are many bridges to cross before that one. This problem is not unique.

They will have to prove up more resources, move categories from probable to bankable etc. They are spending 10 million this year drilling. We are led to believe this amount will be self financed, without dilution of shares.

A pull back in share price is likely imo. I sold half of my shs. today.
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