Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (89634)	12/14/2007 5:56:15 PM
From: orkrious	Read Replies (1) \| Respond to of 110194

It's probably only worth the place this came from (the Yahoo BB), but here's an NG IR response to a shareholder question: My question and NG's response are as below: ----------------------------------------------------- Hello, Ever since your terrible news announcement, NG's share price has been drifting lower almost daily. Is there no near time catalyst for your stock to rebound? Are you doing the best you can to help the stock find a floor such as perhaps seeking strategic alternatives? It is very frustrating for an investor to have to deal with a stock that seems to have no promise in sight. Please don't say just sell my shares because I have suffered enough in this ordeal. It's either the market is irrational and manipulating your stock or you guys have more bad news behind the scenes which we retail investors don't know. --------------------------------------------------- I have been on the phone nearly continuously since Nov 26, and it is sometimes difficult to get through. My apologies that we haven't managed to connect yet. The reason I prefer to speak with people in person is because inevitably one question leads to another, and it's much easier to have a conversation and address everything at once. However, with regard to your questions below, certainly the drop in NovaGold's share price has been alarming for shareholders. I believe we have previously discussed that the drop in our share price does not accurately reflect the value of Galore Creek in our portfolio. Galore Creek was generally valued at about 25% of our portfolio, and the stock should have dropped by something close to that amount. Furthermore, the value in Galore Creek remains, with a huge gold and copper resource and all the infrastructure that we have built this year. Both NovaGold and Teck Cominco are very committed to turning Galore Creek into a mine, and are working to develop alternative strategies that make the project more economic. We are working hard to advance our other projects and to get news out to the market. We plan to release Donlin Creek drill results and an update for all of our projects before year end, and will be putting out a resource estimate for Donlin in the new year. We are also working with Barrick to complete the feasibility study and initiate permitting at Donlin Creek, and that should be another catalyst for our stock to rebound as people gain clarity on the strategy at Donlin Creek and its production timeline. In addition, we have first production looming at Rock Creek, transitioning us from a developer to a producer and providing the company's first cash flow. I hope this short email has provided some guidance on our near-term business plans. Please do not hesitate to contact me should you have further questions. While I am often on the phone, please do leave a message and I'll get right back to you. Regards, Rhylin Bailie Manager, Corporate & Investor Relations NovaGold Resources Inc. Tel: 604-669-6227 x 149 Mobile: 604-219-2824 Fax: 604-669-6272