Investors are ignoring undervalued situations such as International Tower Hill Mines (THM) which owns one of the best deposits in North America with over 20 million ounces of gold. They released their feasibility study in one of the worst gold mining markets in history. The study showed that they will not be economic until $1500, however if gold should go higher the leverage to the price of gold is extremely impressive. The mine is massive and could produce over 500,000 ounces of gold per year if gold moves above $1500. With an advanced NI 43-101 feasibility study qne management who previously built major Alaskan Mines such as Pogo and Ft. Knox, Tower Hill could attract strategic partners to advance this project. The company is also actively exploring other mine configurations to bring the Capex and cash costs down. It is important to remember that International Tower Hill Mines sports a market cap of less than $36 million and has spent over $250 million advancing this project through feasibility. That sounds like a bargain to me.
Disclosure:Author is long THM and the company is a sponsor on website.
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