Bering Boy

How Much Is NovaGold Worth?

Although Mr. Tan is quite correct in the math, the problem with NG is execution risk. Doing business in the Arctic that has no access for 9 months of the year, the logistics of operating any large scale mining are just plain difficult and wildly expensive. Add to this the environmental concerns of affected First Peoples who live and own the adjacent lands, and the likelyhood of development in any sort of quick and efficient manner is almost zero. My reccomendation is caution. My only exposure to NG and BG are in sector weighted mutual funds.