Replies to post #1210 on British Columbia Mining

[NYBob]

One of the world’s largest Gold deposits -
makes an abx circuz again? -

SUBJECT: TAKEOVER BID TALK..READ THIS -
http://seekingalpha.com/article/55561-novagold-could-face-revived-takeover-bid-from-barrick?source=yahoo

http://tinyurl.com/25ng2l

Calling NovaGold Resources Inc.(NG) “damaged goods,”

Citigroup (C) analyst John Hill downgraded the miner’s shares
to “hold” from “buy,” and cut his price target to $10
from $23.

On Monday, NovaGold and Teck Cominco Ltd. announced they
would halt work at the Galore Creek copper-gold project
in British Columbia.

http://tinyurl.com/25ng2l

Mr. Hill wrote in a note that,
We believe the Galore shut-in fundamentally impairs
NovaGold, and derails an investment thesis based on
‘de-risking’ in-ground resource value through
achieving development milestones.

He expects the company to face pressure for strategic
change and suggested Barrick Gold Corp. could revive
its failed takeover offer.

NovaGold has a 50/50 joint venture with Barrick at
the Donlin Creek gold project in Alaska, considered -
one of the world’s largest gold deposits.

When asked if he was now worried about a takeover,
on Monday NovaGold CEO Rick Van Nieuwenhuyse told
the Financial Post, “We think we’ve made the right
decision here looking at the long-term interest of
our shareholders, and I don’t think that’s a reason
to speculate on what might happen in the M&A world.”

ABX...bre-x...9/11...terrorz...continue...?...circuz

Some Gold Mining companies need to come forward -
and get involved in the GOLD bargains -

Tia. Imo.
God Bless America