NovaGold Resources Receives Lifeline
February 2009 by Scott HarnThe company’s stock had plunged when it announced in November that it wouldn’t have sufficient cash to meet obligations if it couldn’t raise additional funds by the end of 2008. It began 2008 at $8.85 per share and ended the year at $1.47.
I could see lots of quartz, both loose on the hillsides and in the numerous small prospect diggings. There was a small gold rush here more than a century ago.
There’s gold in that thar sea floor. Silver, copper, zinc and lead, too. The problem is, it’s a mile or two underwater and encased in massive mineral deposits that layer a dark, mysterious world.
Just prior to press time, we made our way to Sacramento for the second public scoping meeting to comment on the first draft of the California Department of Fish and Game (DFG) suction dredge permitting program and the new Environmental Impact Report.
Like all federal judges, he swore an oath to perform his duties “impartially… under the Constitution and laws of the U.S.” Nothing in those documents gives Judge Morris authority to order the BLM to work with non-government organizations (the same ones that filed the lawsuit in question) to alter America’s use of energy.
The anticipation of finding out if the system of snatch blocks, shackles, chokers, anchor points, and the strap binding the massive slab of rock in the bottom of the river would even budge an inch was weighing on me.
When Frank McAllister talks about palladium, his passion is palpable. So when the Stillwater Mining Co. CEO compares the precious metal to a fairy-tale princess, one can’t help but wait for the explanation.
The Bawl Mill • Our Readers Say • Oldest Journal Contest - The Winners • The St. Louis Gold District • Mining Boom May Be In Store For Upper Michigan • Mining Gold Near Elk Creek, Oregon • East Coast Dredger Heads West - Part II • Lost Canyon • High Court to Rule on Kensington Tailings • Prospecting in Tennessee • A Warning About Mercury • Jerritt Canyon Mill May Reopen • Looking Back • Melman on Gold & Silver • Mining Stock Quotes, Mineral & Metal Prices