NG's Ample Ambler

Resource Opportunities (04/21/2011)
"NovaGold has completed a PEA for its 100%-owned Ambler project in NW Alaska, which envisions an underground mine processing up to 4,000 tpd; the current resource base of 16.8 Mt. (indicated) and 12.1 Mt. (inferred) supports a 25-year mine life. Average annual metal production is forecast at 67 Mlb. copper, 80 Mlb. zinc, 12 Mlb. lead, 11 Koz. gold and 866 Koz. silver, with LOM metal production estimated at 1.7 Blb. copper, 2.0 Blb. zinc, 291 Mlb. lead, 266 Koz. gold and 22 Moz. silver. . .at the present share price, the company trades at a low price relative to the resources and reserves in hand; that value should grow as the projects advance."

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