Traders Cooperative

[ItsAllCyclical]

There's little incentive to "take it" as Doody says. He was probably telling his subscribers to take it at 15.5. Just by the fact that it's trading this high already (imho) says the final bid is likely to be at least above current market prices. W/each day that passes a bid at 20+ is looking more likely. There are no other Novagold's out there. That's what most market participants don't understand. Sure the majors can takeover other plays, but nothing that gives this many resources this fast in politically secure areas. It's interesting that nobody talks Barrick sitting on drill results from Donlin or potential results from Galore. In talking w/IR about 6 months back I got a strong impression that both mines would likely see big gains in their resources. This certainly has been interesting. I would love more, but I'll be pretty happy at 20+.