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Please read the entire press release pertaining to ITH by clicking here.
Gold price appears to be in the final stage of a classical asymmetric pennant pattern. This is a strong bullish pattern that usually moves rapidly to the upside after breaking above the resistance, which in this case is around 1330. Use 1 month candlestick.
aaaa all tank u
I looked at some of this info a couple weeks ago. I think gold will hit $1500, so, I figure ITH will turn out ok.
No apologies needed for not reporting much about ITH lately; Franky has kept us all well informed.
This reminds me of the commentary we received on Premium Exploration.
Staying with it to the bitter end regardless of seemingly bad news!?!
Al, if you read the 43-101 you will see that THM is marginally profitable at $1500 oz. gold. When I say marginal I mean a 11 year IRR at 1.7%! Hell at $2000 oz they are at 4.6 year payback earning 14.1%! IRR. No one is going to develop this mine knowing those figures. I feel your pain with a 90% loss, I’m getting out at a 50% loss.
Part of the world I live in Kurt!