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

To: orkrious who wrote (38404)10/25/2006 3:46:59 PM
From: seventh_son  Respond to of 39344
 
I picked some up. So, it is now trading at less than four times the free cash flow per year at Galore Creek with 22 years of mining -- and then you have Donlin Creek, which they may end up with 70% of, on top of that? Donlin Creek has 32.7 million ounces of gold!!! I'm surprised that no one has got into a bidding war over Novagold yet.



To: orkrious who wrote (38404)10/25/2006 9:52:36 PM
From: que seria  Read Replies (2) | Respond to of 39344
 
Orkrious: Possible NG buyers may be looking at that 10.6% after-tax IRR and saying ho-hum. I see the 40% IRR at 9/1/06 spot price, which means a lot of upside if gold stays only as strong as it is now. I see buying NG now as a bet on the POG going up meaningfully before Barrick can corral enough NG shareholders at its current offer price. Doubt I'll take that bet. Rather buy SWG.TO or small fry.


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