I agree with Vette that NovaGold is clearly waiting for our BFS before they move forward with any deal.

I don't think Nova's waiting for us...I think the potential buyers of Nova's 50% are waiting for us. Novs'a clients are our clients.

If you were a potential buyer ready to fork up Billions...wouldn't you wait for the Schaft Creek Feasibility. That's what they're doing.

Galore is years away from us....huge capex, huge environmental problems, tunnel, no fiancning, etc etc ...

So as a potential buyer (and we know they're there) would you then pick 50% of something that could be a go in 10-15 years+....

Or a nice round 23.75% of Schaft Creek (negative cost, EA ready, High grade starter pit, port reserved, Teck financing, 4 year clause etc...)

The choice is simple and obvious, they'll be going for us. Unless Teck just takes us out following the Feasibility and deals with those Nova Gold ''entrants'' later....

IMO Teck will take us out 100% (no more financing and 4 year clause) and then deal with teh Nova Gold entrants, offering tehm a peice of Schaft Creek. This will force Nova to potentially bring down their price tag..or they'll be left to dry for years....