NGWas speaking with Silvercorp Investor Relations today.
They mentioned that Novagold is in the same building as them.
A bit of a sombre mood next door at the NG headquarters.
So who has the higher risk? A company operating in Canada, where labour costs are high and the natives want a big chunk of the profits, or China where labour is extremely cheap and no native squabbles?
Buying only stocks operating in North America doesn't seem to reduce risk at all. In fact, if you talk to NG shareholders today they'll say the opposite.