Saturday, April 10, 2010

NovaGold (AMEX:NG) Positioned for Strong Growth

NovaGold Resources Strong Future

Although the current resources of NovaGold (AMEX:NG) haven't been inspiring to investors, those they hold with future potential definitely are, which is why hedge fund investors John Paulson and George Soros made significant investments in the company.

Total investment from the two hedge funds totaled $175 million, and that doesn't include other investors with interests in the gold miner.

Investors with a long term outlook know the extraordinary value in Novagold, as evidenced primarily from their Donlin Creek and Galore Creek projects, which are considered among the largest of any gold projects in the pending development stage in the world.

Novagold is another undervalued gold mining company with not only the two project mentioned above as part of their future, but others as well.

The company has also made quality partnerships with companies like Barrick Gold (NYSE:ABX) and Teck Resources (TSE:TCK-B), along with the financing deals, showing they have a great plan in place and are getting the right partners and financing to go forward with confidence and success.

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