Nawar Alsaadi

How Much Is NovaGold Worth?

Marco, if my answer your question, even though DC is not bringing cash flow just yet (and not likely for many years), you can not award it a 0 value, resources in the ground do have a value, but usually it is usually heavily discounted, based on a value of $100 oz per share, DC worth to NG is about $1.6 billion, this is if no extra resources is identified, which is highly unlikely in light of the finding at East Acma, management has indicated in March theoretically DC can go as high 40m oz to 50m oz, if management to add extra 5m oz, this alone should add an extra 500m to the marketcap.

Not to mention that Thomas has put $0 value on GC, Ambler, NovaGreen and all their other exploration properties.

Regards,
Nawar