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NovaGold Resources Ord Shs T.NG

Alternate Symbol(s):  NG

NOVAGOLD Resources Inc. is a precious metals company, which is focused on the development of its 50%-owned Donlin Gold project in Alaska. The Donlin Gold project is a development-stage gold project. The Donlin Gold property is located in the Kuskokwim region of southwestern Alaska on private, Alaska Native-owned mineral and surface land and Alaska state mining claims. The Donlin Gold deposits are situated at approximately 62-degree North latitude and 158-degree West longitude, which is 450 kilometers (km) west of Anchorage and 250 km northeast of Bethel up the Kuskokwim River. The project is held by Donlin Gold LLC (Donlin Gold), which is owned 50% by the Company's wholly owned subsidiary, NOVAGOLD Resources Alaska Inc., and 50% by Barrick Gold Corporation's wholly owned subsidiary, Barrick Gold U.S. Inc.


TSX:NG - Post by User

Bullboard Posts
Comment by booyaacaon Feb 02, 2012 11:16pm
524 Views
Post# 19483736

RE: Cyclone

RE: Cyclone

Nah, don't think there is much to worry about in today's trading. PP was announced at a price of $9.50, so you knew the price would dip to that level. As for the price dropping further, I would guess that several people had stop losses at certain prices and once they hit that price it dropped, but eventually came back to the pp level. I have personally been watching this stock for awile and finally made the plunge at $9.24 today. I think we reach the $15 level by summer time once gold starts hitting new highs. With over 33 million oz of gold and still lots of exploration play, this is one  very, very, very undervalued stock at these prices!

Bullboard Posts