TICKER: NG:TSX; NG:NYSE.MKT
NOVAGOLD is a well-financed precious metals company whose flagship Alaskan asset, the 50%-owned Donlin Gold project, recently commenced permitting, a clearly defined process expected to take 3–4 years. As per the feasibility study, Donlin Gold is expected to produce 1 Moz+ annually over a 27-year mine life. The company also owns 50% of the Galore Creek copper-gold-silver project located in British Columbia. A prefeasibility study projects Galore Creek to be the largest copper mine in Canada. The company is currently evaluating opportunities to sell all or a portion of its interest in Galore Creek, with proceeds applied toward the development of Donlin.
The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
The Gold Report Interview with Greg Dorsey
"NOVAGOLD has a $1B market cap. Its flagship project is Donlin, which it is developing with Barrick in Alaska. This high-grade deposit has close to 40 Moz gold. It is going into the permit stages and is years away from production. But in the meantime, while we are waiting, we expect the price of gold to rise. The stock is currently trading at the very small faction of the value of its reserves, offering tremendous leverage on the way to those reserves being extracted. A lot of smart people, including very successful hedge fund managers, like NOVAGOLD. . .we think this will be a $30 or $40 stock at some point."
Paolo Lostritto, National Bank Financial
"NOVAGOLD's exploration success at Galore Creek highlights scale and further potential. . .based on the results of the 2012 drill program, the partnership plans to update the Galore Creek resource. . .we reiterate our Outperform rating and $9.30 price target."
The Gold Report Interview with Byron King
"I've kept an eye on NOVAGOLD in Alaska. It has spun out the Ambler project into NovaCopper Inc. . .they are great assets, run by very solid management. NOVAGOLD and NovaCopper are two nice plays."
Brien Lundin, Gold Newsletter (Jefferson Financial)
"NOVAGOLD has hired David Ottewell to step into the roles of vice president and chief financial officer for the company. . .Mr. Ottewell will help NOVAGOLD move its world-class Donlin Gold project in Alaska through the permitting and constructions phases and (hopefully) into the operation phase. Donlin Gold's gold inventory exceeds 39 Moz in the Measured and Indicated categories alone."
The Gold Report Interview with Mike Niehuser
"In 2004, I found NovaGold Resources Inc. and fell in love with the mining industry."
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