NOVAGOLD RESOURCES INC. (TSE:NRI; OTC BB: NVGLF) Message Board

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Gold/Mining/Energy : NOVAGOLD RESOURCES INC. (TSE:NRI; OTC BB: NVGLF)

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To: pogbull who wrote (103)	5/28/2004 6:58:27 PM
From: pogbull	Read Replies (1) of 137

Comments from Amarksp on Ihub regarding Novagold: investorshub.com NG has the best gold resources identified of any junior, just incredible. NG key risk is Permit Risk, can they get the permits from Alaska/Feds timely, if at all. Both Rock Creek and Nome are on private lands (not public) so this lessens the risk substantailly, but risk remains from environmental groups who will want to nix any project in Alaska... Believe getting the Alaska state approvals will be easy, but the US Fed/EPA permit approvals will be much more difficult. Believe NG can and will get the Rock Creek and Nome projects into production, and the worst that can happen is permit delays rather than outright denials..., primarily because both these projects are on private land. Rock Creek and Nome are key because the cash flow here will finance their other mine projects. Am actually glad that PDG is doing all the work on Donlin as this will free up NG management time to concentrate on Galore. NG has enough cash on hand right now to 100% finance Rock Creek. I calculte NG cash flow NPV at $10.10 per share using $375 POG.

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