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International Tower Hill Mines Ltd T.ITH

Alternate Symbol(s):  THM

International Tower Hill Mines Ltd. is a Canada-based company. The Company is in the business of acquiring, exploring and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. The Company has a 100% interest in its Livengood Gold Project located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska. The Livengood property is located in the Tintina gold belt approximately 70 miles (113 kilometers) northwest of Fairbanks, Alaska. The property consists of land leased from the Alaska Mental Health Trust, a number of smaller private mineral leases, Alaska state mining claims purchased or located by the Company and patented ground held by the Company. Its subsidiaries include Tower Hill Mines, Inc., Tower Hill Mines (US) LLC, and Livengood Placers, Inc.


TSX:ITH - Post by User

Comment by CovieNRAon Oct 20, 2009 11:33pm
285 Views
Post# 16406483

RE: Sheesh - we took a beating today.

RE: Sheesh - we took a beating today.Obviously you haven't been around this stock long.   In the past two years, it has taken much worse beatings than this percentage wise, especially when it was at much lower prices.

Look, drill results for Coffee Dome will come out in 3 to 4 weeks.   If the results are very good (which I think they will be), this stock will blow past $6 without breaking a sweat.   When the feasibility study on Livengood is finally produced (probably late November), the stock will get yet another boost.   Why do you think the recent analyst forecasts have moved to the $8-$9 range?

The only thing that matters now is how much the first bid for the company will be, and how many bidders actually materialize.    If gold still manages to hang around at $1050, I really can't see this company being taken out for less than $20 per share.   So at $5.35 right now, I am not concerned long term.

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