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

To: geoffb_si who wrote (414)	10/30/2001 8:47:23 PM
From: russwinter	Respond to of 39344

Gleaned from NRI's October 17 IR. Echoing Marcos, this would suggest they are going to need to average least 5 gram grades with good recoveries and plenty of it. By contrast NGT at 5% of the market cap of NRI will have an operating cost of about $5/ton. 2 grams at 66% recovery will be robust given the extremely low stripping ratio, and I'm looking for more than that. Plus the people, as I expect that Chester Millar has plenty of tricks up his sleeve on keeping capex down at Salamandra. Get on board the NGT train before it leaves the station.: ""NovaGold's current in-house preliminary economic model for the higher-grade resource indicates unit operating costs of less than US$22.00 per tonne of ore may be achievable (including mining, ore treatment, administration and reclamation). This would result in a total unit operating cost of less than US$150 per ounce of gold and a total cost including capital investment of less than US$195 per ounce of gold."" Donlin Creek is going to need to be better than that at 280 POG to attract a mine.

To: geoffb_si who wrote (414)	10/31/2001 1:42:35 AM
From: marcos	Read Replies (1) \| Respond to of 39344

Ceteris is never paribus, everything everywhere is unique ... but i suspect that Novagold has been recently more successful at promotion than has National ... which really got whacked back there in March when this release came out, because it instilled strong Fear of Financing in folks - 'National Gold Corp NGT Shares issued 5,175,000 Mar 9 2001 close $.450 Friday Mar 9 2001 News Release Mr. Albert Matter reports Placer Dome Inc./Kennecott Minerals Inc. and National Gold have rescheduled the closing of the sale and purchase of the Salamandra property to March 23, 2001. To facilitate the completion of the transaction and to allow National to complete its $5.2-million special warrant financing, the vendors will defer all of the capital payments scheduled for the closing by 120 days. National will make a non-refundable good faith payment of $200,000 toward National's July, 2001, payments and it has agreed to be responsible for carrying costs and certain interest payments associated with the project in the interim. The acquisition of the Salamandra property and the private placement are subject to the approval of the Canadian Venture Exchange. (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com ' Now it's different - acquisition resolved, no imminent cash calls, a motivated old-timer on board for half the deal, a new flavour to the PoG, and Matter fairly vindicated by the position he's maneuvered into .... a market cap of three millions loonies for this? - ridiculous, it won't last - stockcharts.com ply.v - just about time for a drilling announcement? ... i still have never got the shares i intended to over the summer, if it wasn't the chart getting in the way it was distraction by some other bright shiney object ... but it's coming time for this one, n'est-ce pas