Page 13 - NG_AR_2017_022818
P. 13

Leverage in a place where you can keep the rewards.
low risk moderate to high risk extreme risk no data Source: Fraser Institute Annual Survey of Mining Companies 2016, Investment Attractiveness Index
Long-term shareholders who understand and share our investment thesis.
$1.2B* market cap
26.3% Electrum Strategic Resources LP & affiliates 7.6% Fidelity Management & Research Company 6.8% Paulson & Co. Inc.
4.5% Van Eck Associates Corporation
3.0% The Baupost Group, L.L.C.
2.7% Tocqueville Asset Management, LP
4 9.1%
Other
* Market Capitalization based on 322.3 million shares issued and outstanding and NOVAGOLD share price of $3.97 as of January 17, 2018. Shareholder positions are based on the latest 13-F filings.
11























































































   11   12   13   14   15