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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (7578)	9/29/2002 12:13:38 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

just a few thoughts on my views of Seabridge and Novagold first, I still like Seabridge very much their leverage is an attraction and a negative they own numerous highcost mines that means big moves when POG passes #350-370 but it means bigger pullbacks on resistance rebuffs their mines are years away from exploitation and mining the Courageous Tundra deal was enormous, doubling resources they announced their first shared interest coop deal that is great news I just love the Novagold story, business plan, successes they have a golden goose in the wholly owned gravel pit the pit operations supply cash for most drilling efforts that means no dilution of interest down the road, or limited a recent PIP (private investment placement) brought new capital to the balance sheets I much prefer this style to Seabridge's 49% deal sharing in the Sept deal announced the Donlin Creek (Nome Alaska) property may go down in history books the size and decreasing cost seems to improve with every passing month in early October the mining institute makes public its independent assessment of Novagold's gold reserves it could easily be 20-30% higher than current numbers their mgmt is every bit as solid as Seabridge's Novagold will have an AMEX listing before the new year or soon afterwards Nova is closer to actual gold production in very large quantities the mktcap is 3.5x larger than Seabridge C$180m vs C$50m both will do well, I am certain for the next 3 months, Nova might do better as reserves are clarified, more gold discovered, and PlacerDome's role settled I believe all three factors will push NRI.TO share price up notice how with a gold's rebuff last week, Barrick's deceptive warning, that Nova held well, and Seabridge faltered badly I may add new shares to SEA after such swoons / jim