- NG's Donlin Gold project has massive underlying gold resources.
- NG trades at an attractive valuation assuming a slight reduction to the discount rate used in calculating NPV of the Donlin Gold project.
- Favorable gold prices add to the upside potential.
- Project's permitting process and future project development costs are the key challenges to be considered.
- The stock's next support level is at $10, and it looks an interesting 'long' gold pure-play at that price.
For further details see:
NovaGold: All Eyes On Donlin's Permitting, Despite Being An Attractive Bet On Rising Gold Prices