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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 metylman2000on Nov 15, 2009 1:34am
424 Views
Post# 16487926

RE: Count Me In

RE: Count Me InWell, the bright side is that Castle went up about 75% in about a month's time.

THM has too many insiders that own it to let it go cheap. They are also moving on multiple fronts in order that when an offer comes in, it values the the whole of the company (or at least the vast majority). But make no mistake about it, an offer WILL come in, and at a multiple of the current price IMO. Pontius is a master manager, and he knows what the company is worth.

I'm in for 31k+ shares now, and I got in at 2.86, so I can sleep at night while the stock fluctuates. But you must be prepared for fluctuation, regardless of how good the story is. I originally got in at $1.14 (about 40k shares originally), then sold when the shares went down by 10%. I kick myself for selling, but learned my lesson. The fundamentals behind the company will dictate a MUCH higher price in the future, regardless of fluctuations.

Good luck to all.
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