SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : NOVAGOLD RESOURCES INC. (TSE:NRI; OTC BB: NVGLF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: orkrious who wrote (128)11/29/2007 1:31:29 AM
From: NYBob1   of 137
 
RE: From the North
Posted By: stockmuffin
Post Time: 11/28/2007

I appreciate your post. You have all the correct facts here.
Everyone up here who has been involved with the construction
of this project knows how easily the cash has been spent.
I still feel that something is 'up' tho....Nova Gold
was considering shutting the construction down over the
course of the winter months and re-starting in the Spring.
'Because of the high winter operations costs'.
A week ago they announced that they would not shut down for
the winter and would be spending upwards of 2mil or so to
keep the construction going thru the winter.
This decision was no sooner made when the sudden news
to close down came out on the 26th.
It just seems to me that this decision came from another
source, not one being made solely by Nova Gold.

Looking at their handling of costs to date and then
the decision to keep going forward with this easy spending,
to suddenly being shut down, just seems like there is more
to this story than what has come out so far.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News