The Gold Report: Louis Goluboff on ITH
LG: There's another gold company I like that is similar to, but a little further along than NFX, also hurt by the downturn in the junior market. The name is International Tower Hill (TSXV: ITH, AMEX: THM, Frankfurt: IW9). They currently have just under 40 million shares outstanding, and are currently trading around $1.65 a share. They actually just completed a resource definition at their Livengood property, located 100 kilometres north of Fairbanks, Alaska. They have a three million ounce resource defined at that property. They have properties in Alaska and Nevada, and this is one of their more advanced projects. Again, strong management—Jeff Pontius, the president and CEO, had a long career with Anglo Gold. It’s a fairly young company, but they have a lot of good projects, and they have a really good relationship with Anglo Gold Ashanti Exploration, which owns about 15%.
They’ve also been coming out with some very encouraging results in their Nevada properties. They’ve got a good group of properties at various stages of exploration, with Livengood being the most advanced, and they also have about $15 million in cash. So, again, you see the multiples these companies are trading at are very attractive.
TGR: If the companies are so young, how did they end up with so many of these advanced properties?
LG: Because Jeff Pontius and his exploration group put together a really good project list, and through their relationship with Anglo.
https://www.theaureport.com/pub/na/1402
A Good Time to Invest in the Juniors
Source: The Gold Report 06/03/2008
Louis Goluboff, managing director of Emerald Capital Investment International, a newly launched financial consulting firm, talks about the influences and pressures weighing on the precious metals sector. His company's flagship fund, The Emerald Explorer Fund, focuses on mining and exploration primarily in the Canadian resources market. In this exclusive interview with The Gold Report, Goluboff tells us why he thinks the juniors are a good play and discusses a few of his favorite names.