NovaGold Resources (NG) has completed an impressive multi-month bottom with this morning's breakout above $4:

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NG_Weekly

The next substantial level of interest is major support/resistance from 2012 near $5.00. The accumulation of NG shares has accelerated in recent weeks as the price of gold has remained relatively stable between $1320 and $1350. Moreover, there is not a clear news catalyst for the recent sharp move higher which always piques the curiosity as to what might be announced shortly....

The following slide from NovaGold's most recent investor presentation helps to highlight why the company's flagship Donlin Gold resource is a unique and potentially highly sought after asset:

Donlin

If the Donlin permitting and feasibility are able to move forward relatively smoothly, NG shares could just be getting started on their way back to double digits.