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I too am a shareholder; at a loss at the moment.
My biggest worry is not about the quality of the property, but that they might accept a buy-out offer at double the current price. This would still cause me a loss.
Up 3.3% today.
I really don’t see that happening.
ITH gold in the ground is currently 7.5 dollars an oz.
I know it is low grade, but what are comparables in buy-outs recently?
I believe they are currently higher than that.
I will forward this comment to Don.
How about bringing in Yale Simpson?
Please forward this response to your listener:
One comparable would be Hochschild buying Andina Minerals, November 2012. Their value was $9 /oz
Another would be Argonaut Gold buying Prodigy Gold Oct 2012 for $43/oz.
Hope this helps!
Manager – Investor Relations
International Tower Hill Mines Ltd.
Look for an editorial early next week.