billg, you did mention Golden Cloud. I guess I forgot reading your post...
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Posted by: billg711
Date:7/24/2004 12:34:44 PM
Post #217 of 241
GBN: Talked With the Company Yesterday
As was the probability, the Gold Cloud mining operation, which is adjacent to the main GBN property, in Nevada, did not turn up any added reserves. It was not expected to, but there was some hope that it might.
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I have no problem holding this stock as a significant percentage of my portfolio. I think it is as close to a guaranteed winner as you can get as long as you are willing to wait a few years. I was actually pleased with the drop below $1.25 because I thought it was the first great buying opportunity in a long time.
Amarksp's "market cap per resource ounce" table also got me interested in NovaGold. I bought in the $5s. After a brief trip to $4, it is doing well now. I think it offers good value even at the current price. I also own some Alamos. Amarksp, can you post an updated table?
