Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended		107 Months Ended
	Feb. 28, 2013	Feb. 29, 2012	Feb. 28, 2013
Cash flows used in operating activities
Loss for the period	$ (6,626)	$ (865)	$ (69,954)
Items not affecting cash
Amortization	250	118	1,322
Accretion	0	0	2,530
Loss on disposal of equipment	0	0	7
Issuance of shares as compensation	0	0	316
Stock-based compensation	4,113	0	14,638
Unrealized foreign exchange	(80)	0	(80)
Net change in non-cash working capital
Decrease (increase) in accounts receivable	64	0	(301)
Decrease (increase) in deposits and prepaid amounts	46	(171)	(496)
(Decrease) increase in accounts payable, accrued liabilities and due to related parties	(1,259)	(389)	636
Net cash provided by (used in) operating activities	(3,492)	(1,307)	(51,382)
Cash flows from financing activities
Funding provided by NovaGold on the completion of the Plan of Arrangement	0	0	40,000
Funding provided and expenses paid by NovaGold	0	1,602	61,256
Repayment of notes payable	0	0	(24,000)
Net cash provided by (used in) financing activities	0	1,602	77,256
Cash flows used in investing activities
Acquisition of plant & equipment	(14)	0	(3,020)
Expenditures on mineral properties	0	0	(4,116)
Net cash flows provided by (used in) investing activities	(14)	0	(7,136)
Increase in cash and cash equivalents	(3,506)	295	18,738
Cash and cash equivalents - beginning of period	22,244	1	0
Cash and cash equivalents - end of period	$ 18,738	$ 296	$ 18,738