- International Tower Hill Mines is up over 150% to finish 2020, despite having a project that will not likely see any gold production before 2028.
- This is because the upfront capex to move the Livengood Project dwarfs that of its peers, with estimated initial capex of $1.84 billion.
- Some investors will argue that International Tower Hill is an optionality play for $2,500/oz gold, but the fact is that there are several better optionality plays out there.
- This article compares International Tower Hill's Livengood Project with other large-scale projects in an effort to show why International Tower Hill is an inferior way to play the gold price.
For further details see:
International Tower Hill Mines: How It Stacks Up With Other Large-Scale Projects