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

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To: orkrious who wrote (126)	11/22/2006 9:25:47 AM
From: Jacque Legg	Read Replies (1) of 137

My previous rather rude post followed a late night meeting with friends and showed some enbriated anxiety. However, I must caution anyone overextended on this one, that there are technical details (the biggest is the Grace rock and tailings impoundment area) that are material. Niether Rick VanN or Barrick are fully disclosing the situation, however I have seen that Barrick has some 'trump' cards that they are slowly putting on the table. Rick is not being upfront with you about the situation. For example, the press release that you provided does not address the tailings and waste impoundment area issue accurately. In a nutshell, the next-best impoundment area will cost $50 to 100,000,000 or more to develop (by Novagolds own 'internal' estimates). This is why Novagold made a play for Pioneer but Barrick won by paying the unbelievable price (3 times the June value) for Pioneer a few months ago. Pioneer controls the Grace property site. I have nothing to gain. Barrick has put the floor on the price of this stock.

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