And Thomas Kaplan, the billionaire New York investor, personally owns a 15% stake in Gabriel through his Electrum Strategic Holdings.

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For years NovaGold Resources has excited investors, like billionaires George Soros, John Paulson and Thomas Kaplan, who were bullish on gold.

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New York billionaire Thomas Kaplan is chairman of Novagold and has in recent years been a big investor in gold and gold mining stocks.

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