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.
Somehow, we received the impression from these two gatherings and from other conversations that bureaucrats in general are simply not aware of how difficult it is to raise capital to finance mining operations and how important it is for newer companies to show true progress in order to receive further financing.
Most developmental ideas grow from the reluctance of some individual to participate in hard work, so I can only say that I must think better in a reclining position.
Excerpts from California Mining Journal, our original title, published 50 years ago this month.
Arkansas has an area of over 53,000 square miles, with a population of over 2.3 million. Natural vegetation consists of hardwood forests where not cleared for agriculture or urbanization.
Lt. Gov. Lorraine Hunt and the Nevada Commission on Tourism have agreed to seek an unspecified amount of marketing funds to boost tourism in the Ely, Nevada area in the wake of a mine closing.
In Chicken I had my first experience with the famous Alaska blue clay, sometimes called the blue layer. The blue layer is where the best fine gold was to be found.
Vertical aerial photographs, a form of remote sensing, are invaluable in the search for mineral deposits, and have been used for 60 years for that purpose.
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