NovaGold is 50% owner of joint venture Donlin Gold which has 39M ozs of gold reserves.
Even though $NG only has financial interest in 19.5M ozs of gold reserves (@ $1926/oz = $18.29B), the Market has assigned it a market capitalization of $3.6B! That market cap is 19.68% of gold reserves.
$NAK shareholders on the other hand, with 107M ozs of gold reserves (@ $1926/oz = $206B) are due a market cap of $40.55B, or $81/share **
**Of course this is not entirely accurate since we have not priced in the rest of the in ground resources (copper, molybdenum, etc)
For the first time I listened to the Conf. Call from start to the end mostly because put so much money on $NG. Feeling much better now. Direct voice gave me more confidence on management and overall development. More optimistic now. I believe management in good shape and almost there to take it next level. Go $NG go....
Likely Reasons For The Negative Reaction In The Stock Price. The Expected 3 Year Permitting Process Is Too Aggressive. Even though there is a new mine plan for
Likely Reasons For The Negative Reaction In The Stock Price. The Expected 3 Year Permitting Process Is Too Aggressive. Even though there is a new mine plan for
seekingalpha.com
a
$NG conversation
NG HAS A 1.6 BILLION MARKET CAP BUT WHAT PEOPLE DONT REALIZE IS THAT IT OWNS A 20 BILLION DOLLAR ASSET.
J.P MORGAN JUST UPGRADED NOVAGOLD CLOSE TO 50 MILLION OZ OF GOLD IN RESERVE AND 9 BILLION POUND OF COPPER AND 13O MILLION OZ OF SILVER, THIS WIL BE $50 STOCK IN 3 YEAR
B
$NG conversation
Any idea what's causing this price action?
D
$JBLU conversation
Fuel continues to stay cheap (and shows not signs of increasing any time soon). Meanwhile, JetBlue is beating expectations 5 quarters in a row, outperforming its competitors, and increasing seats sold faster than increasing capacity.
What does this all mean? Dramatic decline in JBLU's share price of course.
F$%^#ng "chartists"!
J
$NG conversation
Just thinking forward; over 12 million shares short at 8.5% float! When Gold moves past the $1350 mark the short side will have to start covering. Did I say the FEDS meet next week to move interest rates and then NG reports earnings on the 26th...well guess what..$5-$6 short term and who knows how much by Christmas. Enjoy the ride longs!
K
$NG conversation
I'm looking for breakout between 7.08 - 7.38 within the next 6 months. .
b
$NG conversation
UP GRADE TO $8 .THIS WILL BE A $50 STOCK IN 3 YEARS
J
$NG conversation
Earnings in June (26th?) New 52 week low today and new buying opportunity!! Dang, sorry I missed that! But I'll take a few thousand shares in the low $3.80's!!!!
a
$NG conversation
NG is a 30 dollar stock all day long. within 1 to 1/2 years
$ng just hit new high 3.29 going to 3.30 and above gl shorts
J
$NG conversation
Cool, a gift this morning at $4.05 just adding and building a nice position. After all, we were just at $4.40+ less than a month a go!! No reason for NG to be selling this low! Gold breaching $1300 any day now and the next stop will be $1500. Gotta love this time gold and the miners of it! I own both.
D
$NG conversation
Anybody have any insight on why NG Has dropped so much? Is it just the price of Gold or something else?
d
$NG conversation
Well, NG just plunged below its 200 DMA. I picked up some shares, but there is risk here. If the market takes a serious dump, NG could very well dive back down to $3.
D
$NG conversation
Why do so many insignificant stock publications make their trolls pump their newsletters on the mining conversations board? Do they really think anyone pays attention to this trash?
https://www.aol.com/news/ny-governor-proposes-first-ever-210023407.html
NovaGold is 50% owner of joint venture Donlin Gold which has 39M ozs of gold reserves.
Even though $NG only has financial interest in 19.5M ozs of gold reserves (@ $1926/oz = $18.29B), the Market has assigned it a market capitalization of $3.6B! That market cap is 19.68% of gold reserves.
$NAK shareholders on the other hand, with 107M ozs of gold reserves (@ $1926/oz = $206B) are due a market cap of $40.55B, or $81/share **
**Of course this is not entirely accurate since we have not priced in the rest of the in ground resources (copper, molybdenum, etc)
$NIO $CCIV $FSR $NG $XPEV
What does this all mean? Dramatic decline in JBLU's share price of course.
F$%^#ng "chartists"!
guess what..$5-$6 short term and who knows how much by Christmas. Enjoy the ride longs!
.