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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (146298)	2/10/2009 3:35:06 PM
From: Tommaso	Respond to of 313022

I agree and have just bought some RIC for me and for my wife.

To: Claude Cormier who wrote (146298)	2/10/2009 6:23:17 PM
From: riversides	Read Replies (1) \| Respond to of 313022

International Tower Hill Mines Ltd. \| Wendell Zerb, P. Geol, 1.604.643.7485 ITH : TSX-V : C$2.57 \| C$113.9M \| Speculative Buy , Target C$4.40 • Livengood - 6.8 million ounces and counting; initiating coverage with a SPECULATIVE BUY and C$4.40 target International Tower Hill Mines (ITH) is a Vancouver-based small cap exploration/development company with seven projects in Alaska (100% owned) and two projects in Nevada (earning 60%). The company’s primary focus is the Livengood project, 110 kilometres north of Fairbanks, Alaska, and host to an NI 43-101 resource of 6.8 million ounces of gold (indicated and inferred) at 0.78 g/t Au (using a 0.50 g/t Au cut-off). At a 0.70 g/t cut-off, the core zone area contains approximately 4.2 million ounces (indicated and inferred) at an average grade of about 0.98 g/t gold. We believe the Livengood deposit has considerable potential for additional resource expansion and, based on early conceptual estimates, could develop into a 200,000-plus ounce per year gold producer. Should the Livengood deposit continue to expand in scope, we believe economics could justify a larger, more capital-intensive mining and milling operation. As a basis for our current valuation of ITH we have conceptually modelled the Livengood deposit developing into a bulk-mineable heap leach operation, starting production in mid- to late 2013. We estimate the Livengood project could command an NPV (5%) of about US$153 million using a longterm gold price of US$750/oz. As a check on our preliminary DCF for Livengood, an in situ valuation using US$25/oz and 6.8 million ounces of gold in resource, equates to US$170 million. ITH’s additional portfolio of projects provides investors with numerous opportunities for nearand long-term exploration success. We are initiating coverage on ITH with a SPECULATIVE BUY recommendation and a 12-month target of C$4.40 (rounded) based on our total NAV 5% (US$750/oz Au) of C$236.1 million.

To: Claude Cormier who wrote (146298)	2/11/2009 10:04:32 AM
From: Tommaso	Read Replies (3) \| Respond to of 313022

I am going to admit that I am not too happy with RIC this morning, seeing it only up 1% while NGD is up 10-12%. And AGI has gone exactly nowhere since I sold some NGD to buy it; meanwile, NGD has risen about 50% from where I sold it. Fortunately, I still hold 85% of my maximum position of NGD, bought at an average price of about 95 cents (US) per share. However, having had the experience of advising some people to get into uranium at what turned out to be a very bad time, I am willing to wait a year or two to see how all this looks at the end of that time.