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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 Feb 28, 2011 3:30pm
299 Views
Post# 18206803

RE: ITH share price stuck

RE: ITH share price stuckExcellent points.   Yeah, not positioning themselves to be sold to a major and at least having the strong appearance that they want to go alone would have a strong impact on the share price.    There is no doubt that they would have to dilute heavily to get this monster into production.

I would certainly like to see the financial analysis that makes them think they can enhance shareholder value by going it alone versus a buy out.  I don't know, maybe they think that with the current economic situation worldwide that a major could not buy them out for the price they are perceiving for Livengood, and they don't think it is worth the effort to market themselves in that manner.  But there is no doubt in my mind that if they truly go it alone, it would be YEARS before we could see the full value reflected in the SP.  Frankly, that is not what I was hoping for - I was hoping for a buyout by this fall, and see the value then - not 5 years from now!!

Anyone going to PDAC?  It would certainly be interesting to hear what they would have to say to people.
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