In this article I'll revisit NovaCopper (NCQ) which was spun off from NovaGold (NYSEMKT:NG) as the latter wanted to focus on its gold projects in Alaska and British Columbia. NovaCopper holds the copper assets in Alaska and has continued to advance them throughout the past few years in order to increase the shareholder value.
Source: company presentation
As there's plenty of volume on the company's American listing (the average dollar volume is approximately $200,000 per day) there's absolutely no need to cross the border and trade on the Toronto Stock Exchange even though this is essentially an American company. As NovaCopper releases its financial results in US Dollars I don't even have to convert Canadian Dollars into...
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