marco giacinto

How Much Is NovaGold Worth?

I am grateful to Thomas Tan for delivering such an informative assessment on NG: something I have been waiting for from NG's management. About OI, I was misled early last January by their incitement to buy "up to $ 12.3". To date, I have seen about one third of my NG shares crumble day by day, also due to the sinking dollar (I live in Italy, in the euro zone).
I was not happy to read in Tan's report that Nome is worth around $ 400 mil, whereas the market cap is currently ca. $ 800 mil, i.e. twice as much. Giving the probable start of cash flow from Donlin Creek in 5 years from now, how can we expect the shares to grow again in mid-2008, when cash will commence flowing from Nome operations? Shouldn't this be seen as a warning, alas, that $ 7-8 is double the current worth of NG, even after cash flow from Nome will start, at long last? I would appreciate an answer from Mr. Tan.

Are There Liquidity Problems at NovaGold?

On January 3 I was convinced by Outstanding Investments to buy Novagold shares up to $ 12.3. NG's quote plummeted ever since and now I would lose ca. 33% should I decide to sell (also on account of the sinking dollar, as I live in the euro zone).
So, I give an advice to people following the suggestions of those pundits offering their paid services to suggest this or that share: don't give them too much credit. If you are to lose some bucks, you better lose them because of your own fault, not someone else's. The pundits, just like banks and lawyers, will always be winners, whether you lose or win.