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Gold/Mining/Energy : GOLD (Au) PRODUCERS

GG 11.19

-2.0%

Apr 17 5:00 PM EST

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From: NYBob1	11/28/2007 11:49:48 PM
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One of the world’s largest Gold deposits - makes an abx circuz again? - SUBJECT: TAKEOVER BID TALK..READ THIS - seekingalpha.com tinyurl.com Calling NovaGold Resources Inc.(NG) “damaged goods,” Citigroup (C) analyst John Hill downgraded the miner’s shares to “hold” from “buy,” and cut his price target to $10 from $23. On Monday, NovaGold and Teck Cominco Ltd. announced they would halt work at the Galore Creek copper-gold project in British Columbia. tinyurl.com Mr. Hill wrote in a note that, We believe the Galore shut-in fundamentally impairs NovaGold, and derails an investment thesis based on ‘de-risking’ in-ground resource value through achieving development milestones. He expects the company to face pressure for strategic change and suggested Barrick Gold Corp. could revive its failed takeover offer. NovaGold has a 50/50 joint venture with Barrick at the Donlin Creek gold project in Alaska, considered - one of the world’s largest gold deposits. When asked if he was now worried about a takeover, on Monday NovaGold CEO Rick Van Nieuwenhuyse told the Financial Post, “We think we’ve made the right decision here looking at the long-term interest of our shareholders, and I don’t think that’s a reason to speculate on what might happen in the M&A world.” ABX...bre-x...9/11...terrorz...continue...?...circuz Some Gold Mining companies need to come forward - and get involved in the GOLD bargains - Tia. Imo. God Bless America siliconinvestor.com

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