Andy Scobeck's questions to NovaGold Resources Inc (NG) leadership • Q1 2025
Question
Private investor Andy Scobeck asked for the cost and timeline of a full bankable feasibility study. He also inquired about the projected use of cash for the year and questioned the slow development pace, asking when it might accelerate in partnership with Barrick.
Answer
Executive Greg Lang estimated a feasibility study would cost $80-$100 million and take about two years, but noted a decision has not yet been made with partner Barrick. CFO Peter Adamek detailed the $37.5 million budget, split between corporate G&A and Donlin funding. Lang addressed the development pace, stating the focus is on the current drill program, whose results will inform the next steps.