They like the area and they see big upside when Nova sells thier interest in Galore.

All good for us, shows big money is investing in the Golden Triangle.

Remedy

.

http://seekingalpha.com/article/492481-noteworthy-institutional-5-ownership-filings-this-week-in-basic-materials-and-energy?source=yahoo

Many leading funds, including Paulson & Co., Capital World Investors and Wellington Management, filed forms 13-D and 13-G (and form 4) with the SEC this week, on Monday to Wednesday, indicating that they had amended their ownership in U.S. traded public companies operating in the basic materials and energy sectors (other articles focused on the institutional ownership filings this week in the healthcare and technologysectors can be accessed by clicking on the above hyperlinks). The following are the most notable institutional trades based on our analysis of those filings (for more info on Forms 13-D and 13-G, and how to interpret that, please refer to the end of this article):

Novagold Resources Inc. (NG): NG is a Canadian company engaged in the exploration and development of gold, silver and copper in Alaska and British Columbia. On Monday, famed hedge fund company Paulson & Co., with over $35 billion in assets under management, including $13.9 billion in 13-F assets per their latest Q4 filing, filed SEC Form 13D/A indicating that it holds 34.6 million shares, an increase from the 30.0 million shares it indicated holding in an earlier SC 13D filing at the beginning of March.

Paulson has been gradually building up its position in the company, having just added 2.75 million shares in Q4 to their prior quarter 20.20 million shares in the company, and then reporting adding another 7.0 million shares in February. NG currently generates losses, and trades at 7.3 P/B compared to the average of 2.3 for its peers in the gold mining group.