Hebba Investments
Long only, value, contrarian, gold & precious metals

International Tower Hill Mines: Not As Cheap As It Seems

In a previous article, Mr. Jeb Handwerger wrote his recommendation that investors should consider purchasing shares in International Tower Hill Mines (NYSEMKT:THM). The bullish argument was a multi-fold one, but is primarily based on the following points:

    International Tower Hill Mines has a 20 million gold ounce resource base - one of the largest in the world. The Osisko-Goldcorp (NYSE:GG) mining deal (attempted takeover at this point) may have changed the sentiment in the industry regarding large, low-grade bulk gold deposits. International Tower Hill's sub-sector (low-grade deposits) has been an underperformer even within the gold sector, and often times the worst performers are the best performers in an uptrend. The company has a very large leverage ...
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