Why NovaGold (NG) Is Back On Analysts’ Radar

On March 27, Canaccord Genuity initiated sum of NovaGold Resources Inc. (NYSEAMERICAN:NG) with a Speculative Buy standing and a $13 terms target. The steadfast cited the company’s 50% involvement successful the Donlin Gold task successful Alaska, describing the plus arsenic uniquely positioned wrong the planetary golden assemblage due to the fact that of its size, grade, jurisdiction, and section support.

Reported connected March 13, NovaGold Resources Inc. (NYSEAMERICAN:NG) and Paulson’s Donlin Gold Holdings awarded large engineering contracts to WSP, Worley, and Hatch to beforehand captious infrastructure and processing enactment for the project’s updated bankable feasibility study. Management’s enactment of globally recognized engineering firms strengthens the method instauration of Donlin Gold and supports its progression toward imaginable improvement arsenic a large U.S. mine.

NovaGold Resources Inc. (NYSEAMERICAN:NG) is simply a Vancouver-based precious metals institution established connected December 5, 1984. It operates arsenic a golden improvement institution focused connected advancing the Donlin Gold task successful Alaska, 1 of the world’s largest high-grade undeveloped open-pit golden deposits, done a concern with Barrick Gold Corporation.

NovaGold Resources Inc. (NYSEAMERICAN:NG) boasts increasing expert enactment and continued engineering advancement indicates expanding momentum down the Donlin project. If the plus advances toward operation successful a beardown golden terms environment, the institution whitethorn connection important semipermanent upside.

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