ITH PotentialGoldcorp just made an offer to buy out Canplats for approx $48 per share. An equivalent offer for ITH would come in at between $10 and $14 per share. Osisko is getting ready to be bought out by Goldcorp or Agnico-Eagle.
There are too many majors that need an extra 630,000 oz of gold per year of production in a favorable mining jurisdiction. Jeff Pontius stated on BNN television that Livengood has the potential to produce 500,000 oz per year.
Claude Cormier thinks that ITH should have a market cap double what it is right now so that again would give us between $10 and $14 per share. When the PEA is released ITH should achieve new highs even though Salman Partners already have the 12-month projection of $11.50 per share. The other 6 brokers that already follow ITH may all be forced to upgrade to the $10 plus area.