Resource stock expert Curtis Hesler -- who correctly forecast the recent sharp decline in metals prices -- sees long term value in NovaGold Resources (ASE: NG) for those who buy on pullbacks. In his Professional Timing Service he explains, "Nova Gold has some interesting projects; its Galore Creek contains as much as 13 billion pounds of copper; and at today's price of $3.90, that is not a small deal.

"Galore Creek sits just south of the Yukon Territory in northern British Columbia, and there is virtually no infrastructure, power, or anything else. The original development cost was estimated at $2.2 billion, but it has since jumped to over $5 billion.

"This prompted Nova to announce that they were halting construction and were delaying development. Nova's stock plummeted below $6 in December.

"Meanwhile, Nova has several additional projects in the works; Donlin Creek, a 50-50 partnership with Barrick Gold, is one of the largest unexploited gold bodies in the world with an estimated 29.4 million of gold reserves. With the Galore Creek project on hold, they have the resources to exploit Donlin Creek.

"Barrick Gold (NYSE: ABX) was willing to pay $16 for Nova in 2006 when gold was only $650 an ounce, and back then, Donlin Creek looked like it held only seven million ounces rather than the 29 million plus ounces it appears to have today. To me, Nova looks like it is worth much more than the $16.00 offered by Barrick two years ago.

"Nova has a decent cash flow from their stone and gravel business, and they expect to produce 100,000 ounces of gold at their Nome property this year. They have money in the bank, and they are well managed.

"As Nova's properties continue to develop, it is a likely buyout candidate again in the future. When copper breaks moves toward $5.00, the Galore Creek property will come back into the limelight. There is some risk, but the potential is for at least a double."

Each day, Steven Halpern's TheStockAdvisors.com offers the latest market commentary and favorite investment ideas from the nation's leading financial newsletter advisors.