As the below chart shows, NovaGold and International Tower mirrored each other last year until September, when NovaGold broke out on takeover rumors that helped push the company to a 125% return for 2010. International Tower Hill, on the other hand, returned only 38%, but if it follows its peer, it should be ready for a breakout. Jeb Handwerger, editor of GoldStockTrades.com, thinks that THM is ready to make a move and that at "under $8 it's a steal."
If NovaGold is the sophisticated adult commanding investors' attention, it's fair to say that International Tower is the gangly teenager that has yet to be taken seriously. NovaGold has two of the largest gold and copper deposits in the world -- Donlin Creek and Galore Creek -- where it has 50/50 partnerships with Barrick Gold (ABX) and Teck Resources (TCK), respectively. While NovaGold is four to seven years away from production, its net interest in the two projects is staggering at 30 million ounces of gold, 157 million ounces of silver and 9.1 billion pounds of copper.
International Tower has 100% ownership of the Livengood gold project, which has 13 million ounces of resource, one of the biggest discoveries in the past 20 years, but still not as big as NovaGold's. International Tower doesn't have to share the gold with anyone, though, but it doesn't have big early stage funding either.
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