International Tower Hill Mines: A Successful Optimization Plan Can Send Shares Soaring
- International Tower Hill Mines has fallen precipitously as the company's Livengood Project's feasibility study shows that the project needs much higher gold prices to become economical.
- Investors have given up on the company, whose value rests in its embedded gold price optionality--it is worth much more at much higher gold prices, otherwise it is worthless.
- Management has been pursuing other options, and given the information provided in the feasibility study it is possible to envision a smaller project focused on higher grade ore.
- While this isn't definitive and while we can't quantify such a scenario the stock is cheap enough to warrant a speculative position based on this possibility.