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Gold/Mining/Energy : NOVAGOLD RESOURCES INC. (TSE:NRI; OTC BB: NVGLF)
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To: Elizabeth Andrews who wrote (91)12/23/2002 12:56:33 PM
From: philv   of 137
 
OK Liz: If the POG remains about where it is at now the price will go up. Seems like Alaska and the native group would like to see a development there and are accommodating.

Also, it occurs to me that NRI is not operating in a vacuum. They are most likely in close collaboration with PDG in all aspects. I don't know if you have read some of the news releases where Placer Pres. (I think it was....will look it up if you request) has made some positive comments re: Donlin. But of course, it is a long time before any money can be made, and that is probably the reason why the stock is sluggish.

Judging from their recent news release, potential partners are willing to participate, (if PDG doesn't take over I assume}. PDG has gotten rid of some big projects recently as you know, due to their being uneconomical at the POG at that time. Will they let this one go too?

There is always a chance that NRI could be taken over, and they do have other good properties in Alaska. Or they could actively sell their 30%?

What is the stock worth? Will investors be willing to wait for years as Donlin development goes ahead? Who really knows. Of course, if the POG goes "to the moon"..... But, I am betting the stock price will increase as the issues are resolved one at a time. More clarity soon on this one Liz.
(stop loss in place just in case).

Thanks
Phil
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