Novagold Res Inc (AMEX:NG)

CAPS Rating: 2 out of 5

The Company is engaged in the exploration and development of mineral properties in Alaska and western Canada and is primarily focused on gold properties, some of which have significant copper and silver resources.

Recs

1
Player Avatar BuffettJunior1 (97.53) Submitted: 11/16/2011 10:24:30 PM : Underperform Start Price: $10.63 NG Score: +51.53

2.6 billion market cap for this company? You have got to be joking!It seems to me that all you have to do is put the word "gold" in the company name, and the stock will automatically trade at over a thousand times its intrinsic value. This is similar to what happened in the late 90's with the internet companies. I guess history really does repeat itself.

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Member Avatar PetitMartinique (90.21) Submitted: 3/5/2012 1:28:39 AM
Recs: 0

I guess Barrick's 50% share of the Donlin project will go to zero as well?

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