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How Much Is NovaGold Worth?

Posted on May 15, 2008

I was invited to NovaGold Resources' (NG) corporate presentation which was given by CEO Rick VanNieuwenhuyse (their CFO RJ Don MacDonald was also present) on May 13 in New York City. I haveowned NGfor a long time, starting Feb 2005 and added to my position in May2006. Obviously for anyone who follows its stock price, my firstinvestment is only about break even and my second investment is around 40%under water. NG, which reached as highas $20 in Nov 2007, used to be a darling in the junior mining sector. The higher it goes, unfortunately the faster it hasbeen falling, and it is now...

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junior , junior mining