Mostly: Classical

[ItsAllCyclical]

It's hard to believe ABX can get Donlin permitted in time (which is only part of the battle). I think NG will be victorious in their 70%, but I have no idea how long this will take to play out. Guess we should know by Nov 2007 :) NG's most recent lawsuit is designed to clarify what it'll take for ABX to earn an additional 40% for 70% total. Placer is on record I believe as saying this includes full permitting. If the courts agree then you can pretty much place 95%+ confidence that NG will keep their current 70%.

I think NG's goal is to survive as an independent company here versus simply finding the highest bidder. However, after a number a companies have reviewed the books in detail a higher bid wouldn't surprise me. Not much has been made about getting the final permits for Rock Creek, but I think they help put a floor under the stock if ABX simply walks away.

The whole saga has been extremely interesting to follow.