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NovaGold Regrouping at Galore
Submitted by Mike Niehuser on Sun, 12/23/2007 - 01:00
NovaGold Resources Inc. (AMEX: NG) and Teck Cominco Ltd. (NYSE: TCK) placed the Galore Creek project in British Columbia on hold until construction costs are brought into balance with conservative long-term copper metal price assumptions. NovaGold’s share price closed down about 50% on the announcement. See full report.
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