Most Undervalued Gold StockPresently ITH is being valued at $12 per oz and it's probably on of the largest new 100% owned gold discoveries for North America. They are presently half way through their drilling and have doubled their size. Most likely when they finish this drilling program it will double again since they are getting higher grades the deeper they go. Then with the Winter drilling program with these higher grades it could easily double once again.
By next season it would not be a suprise to have 7 MM oz even at this point they are larger than Fort Knox with this higher grade. Kinross Gold who owns Fort Knox would be a likely canidate to take a run at ITH.
Interestingly enough Jeff Pontius who's last discovery was Cripple Creek (13mm oz) is well on the way of having another huge winner. Cripple Creek is the most profitable mine for Anglo Gold in America. Jeff is half way to matching his last descoveries will be interesting how close he gets. :-)