From Casey Research

Comments: Not good news: the loss of a CEO, even in a company with a strong and deep management team like this one, can cause delays, if not more serious problems. Worse, in this case, this was a new CEO, which makes the company look more than a little confused. On the other hand Komadina's name was closely tied to the aborted effort to put the company's placer claims into production, so this can be seen as a final clearing of the air there. Also on the plus side, Jeff Pontius is no mere warm body keeping the chair warm; he's the guy who built ITH up in the first place, and whose been doing an excellent job adding value at Corvus Gold. We have a great deal of confidence in Jeff, and in the merits of the Livengood monster-scale gold project.

In short, given this confusing turn of events, we cannot lightly encourage readers to buy the stock, but given the value of the project, competence of the new-old-new management, and the very substantial corporate treasury, we sure don't want to sell either. So, our official recommendation is to Hold. We're tempted to also add a "Buy if You Dare" for the bolder speculators among us who also believe in the play, but with gold not having clearly bottomed yet, the stock could get still cheaper before it heads decisively north again. So, we're officially Holding (though some of the more bold among us may indeed average down with some stink bids at this vulnerable time for the shares).