NOVAGOLD RESOURCES INC. (TSX, NYSE American: NG; Mkt cap: ~US$3B) offers an excellent opportunity for investors seeking leverage to gold. The 50 percent-owned flagship Donlin Gold project is a uniquely attractive asset which – in terms of size, grade, exploration potential, production profile, mine life, and jurisdictional safety – is one of the most important, in the ground, gold projects in the world today. NOVAGOLD is in the enviable position of being well-funded with a cash balance of $134.3 million as of May 31, 2020, expected to be sufficient to continue advancement on the Donlin Gold project and fulfill all of its current financial obligations towards a construction decision.