It's very tempting to like NovaGold Resources (NG) as the company continues to remind anyone that will listen that it's a partner in one of the largest gold deposits in the world.
NovaGold and partner Barrick Gold are partners in the Donlin Gold project in Alaska, which NovaGold says has proven and probable gold reserves of 34 million ounces, which would make it the largest gold development project in existence at this time.
It also is in a joint venture with Teck Resources in Galore Creek. Galore is increasingly looked at as not too relevant, and could be sold by NovaGold if it needs to raise capital and focus solely on its flagship property.
Nonetheless, CEO Gregory Lang...
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