Canaccord upgrades ITH to 12 month target of C$4.6Canaccord upgrades ITH to 12 month target of C$4.65 (was C$4.40)
>>>On a DCF basis, we estimate the Livengood project could command an NPV (5%) of about US$153 million using a long-term gold price of
US$750/oz. We have assumed that exploration and development work over the next 12 months will outline up to an additional 2.5 million
ounces of gold (was 1.5 million) in resource (0.5 g/t cut off). We have a SPECULATIVE BUY recommendation on ITH and a 12-month target of
C$4.65 (rounded) (was C$4.40), based on our total NAV 5% (US$750/oz Au) of C$246.5 million (was C$236.1 million).<<<