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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Fishfinder who wrote (404)	10/30/2001 4:01:48 PM
From: geoffb_si	Read Replies (2) \| Respond to of 39344

Scott: RE: NGT vs. Nova Gold: - Both prospects (Salamandra & Alaska) appear to be large-scale low-grade resources with high-grade areas. Both appear to have viable resources at today's POG. - Nova Gold has $10M in real estate assets that they proposed to sell in order to develop the Alaska property. NGT has very little money, which is why they had to JV 50% of the project to Alamos. But, Placer has a back-in right (55%?) on the Nova prospect. - Nova Gold appears to have a good promotional team. Stock has gone from .40 to over 2.00 in a short time. Tough to tell if it will go much higher from here. - Alaska property may have environmental/permitting issues--you may want to ask about this angle. Salamandra may have social/cultural issues, although a small-scale operation may be able to get around this. Geoff