Looks like John Hathaway and Tocqueville Asset Management are calling the shots on ITH.

I think this shakeup will result in a much higher share price in 6 months.

http://www.theaureport.com/pub/na/13343

TGR: Any other examples you want to give of how you were an active backseat investor?

JH: International Tower Hill Mines Ltd. (ITH:TSX; THM:NYSE.A) has been very frustrating recently. But I've been through it before. The stock has been very disappointing lately, but when I see a good asset like that, it's worth sticking with. We'll get it right. Not on a timing that will make everybody happy, but we'll get it right. And we view it as a partnering. We're vocal shareholders, but we never want to seem abrasive or hostile. Basically, everybody's got an interest in making the thing work.

We've been a long-time investor in International Tower Hill. The market is scared right now because there's a big capital expenditure program. But we've financed the company in several rounds. Before there wasn't more than just a couple million ounces there and today the company claims it could have as much as 20 million ounces in various categories. And it's in Alaska. So when you read all these terrible headlines about Mali and Indonesia, Alaska sounds pretty darn good. Alaska's got infrastructure. International Tower Hill is in a mining-friendly jurisdiction, near Fairbanks. There's every reason in the world it would want to get this thing permitted and built. I think it will. We just have to figure out how to get from here to there.