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 : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: d:oug who wrote (381)10/30/2001 2:16:50 AM
From: Fishfinder  Read Replies (1) | Respond to of 39344
 
To all
I just took a look at the Nova Gold news and web site info. I must say they have some extremely good results. This has definately been reflected in the share price of late. I wonder if we should be looking at Nova Gold for some discussion.
Below is a paste from their web site comparing themselves to some other juniors as an investment.
I don't have the knowledge to understand it all.
But if any of those in the know feel this is worth a little discussion it would be great.

Here it is.
<<<Company Comparisons:

As a comparison with other quality Junior Mining Companies, NovaGold offers exceptional investment value. NovaGold has one of the largest and highest-grade gold resources of ANY Junior Mining Company in the world(1). A recent published study showed that the median North American Gold Producer Market Cap Per Ounce was $74/ounce of resource with a range from $27-138.

Junior Mining Company Value Comparison Total Gold Resource (MOz) Total Shares (Millions) Ounces per Share Recent Share Price (C$) Market Cap (Millions) Net Cash (Millions) Net Market Cap per Ounce(2)
NovaGold (T-NRI) 13.4 27.2 0.49 1.95 53.0 2.5 3.77
Gabriel (T-GBU) 11.4 81.5 0.14 3.97 323.6 1.0 28.21
Miramar (T-MAE) 6.9 60.2 0.11 1.00 60.2 11.6 7.04
Minefinders (T-MFL) 3.2 20.1 0.16 1.65 33.2 0.6 10.18
Francisco (V-FGX) 2.4 16.4 0.15 6.75 110.7 32.9 32.15>>>
(( this is actually a readable chart that is on their website www.novagold.net investors page.))

One question is net market cap per OZ.
Nova at $3.77 and FGX at $32.15 and MFL at $10.18
What might the implications of this be?

Regards

Scott



To: d:oug who wrote (381)10/30/2001 11:22:34 PM
From: d:oug  Read Replies (1) | Respond to of 39344
 
Silver Standard Res. Bonanza... Argentina Drilling Confirm...

biz.yahoo.com

Tuesday October 30, 6:59 pm Eastern Time

Press Release

SOURCE: Silver Standard Resources Inc.

Silver Standard Resources Inc.: Bonanza Silver and Gold Grades
In Argentina Drilling Confirm Grade and Continuity

VANCOUVER, B.C.--(BUSINESS WIRE)--
Oct. 30, 2001--Silver Standard Resources Inc.

(NASDAQ:SSRI - news; CDNX:SSO. - news) is pleased to report
the first assay results from Veta Maria in a continuing program of infill,
extension and exploration diamond drilling now under way at
the Manantial Espejo silver-gold project in Argentina.

The five holes for which results have been received.....