The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Lucas Pipes - B. Riley Securities - Analyst
: Thank you very much, operator. Good morning, everyone.
Greg, I wanted to ask about the potential to maybe speed up a revised feasibility study in the context of a sharply rising gold price. Obviously,
pretty remarkable what has happened here over the last few weeks. In my sense, there's investor appetite for an accelerated development period,
so I wondered how you think about that. Thank you very much.
Question: Lucas Pipes - B. Riley Securities - Analyst
: Okay. That's helpful. Based on what you know today -- and I understand you'll have to study this. But based on what you know today, what gold
price makes the construction decision a no brainer? Is it 2,300? Is it maybe slightly higher than that? I'm curious how you think about that. Thank
you.
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APRIL 04, 2024 / 3:00PM, NG.A - Q1 2024 NovaGold Resources Inc Earnings Call
Question: Lucas Pipes - B. Riley Securities - Analyst
: Thank you, Greg. And then as for the current plan on supplying energy to the mine site, can you update me what the --? The current plan is maybe
not the right phrasing. But in terms of -- what is your thinking today in regards to the energy supply to the mine site is? Is it natural gas pipeline,
in your opinion, the most likely scenario? Or what alternatives could present themselves? Thank you very much.
Question: Lucas Pipes - B. Riley Securities - Analyst
: And what would the third-party participation look like? Can you expand on that a bit?
Question: Lucas Pipes - B. Riley Securities - Analyst
: Great. That is helpful. Thank you for all the detail and best of luck.
Question: Don DeMarco - National Bank Financial - Analyst
: Thank you, operator, and good morning, Greg and team. Thanks for the comments, additional color, and congratulations on all your continued
strong ESG initiatives.
I guess the first question, let's consider that the bankable feasibility study is complete. I mean, maybe that will be a year, maybe longer. All partners
agree it's completed. And it already reaches a favorable goal forward decision to build the mine. So what would be the next steps then?
I mean, the previous caller mentioned the gas pipeline. So what steps would be involved on that? And any additional permitting and timeframes
associated? Just trying to get an idea if all parties can agree and move forward on this. What would it look like post bankable assets?
Question: Don DeMarco - National Bank Financial - Analyst
: Okay, thanks. And on permitting questions, urging to hear of all the progress we've made, but if you decide to go with a pipeline option, is there
any additional permitting that might be required, say, for example, along the route of the pipeline or something?
Question: Don DeMarco - National Bank Financial - Analyst
: Okay, excellent. Thank you for that. So maybe just as a follow-up question then. I see your plans spend for 2024. You've got a strong balance sheet.
You have a term deposit. Are there plans over the next year or so with potentially moving the term deposit around into cash or other forms on
your balance sheet?
Question: Don DeMarco - National Bank Financial - Analyst
: Okay. Thank you very much. Good luck with Q2.
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