Author Topic: ALS.TO - Altius Minerals  (Read 1095057 times)

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #10 on: January 09, 2011, 06:23:08 PM »

*The $200m is moslty cash or short term Canadian government paper...The Alderon investment has not had a reporting quarter...so The cash and marketable securities would be closer to $300m...that is what the balance sheet will look like next quarter.



Myth465

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Re: ALS.TO - Altius Minerals
« Reply #11 on: January 09, 2011, 07:02:53 PM »
It seems as though the Refinery project is mainly just the necessary approvals. Am I missing something. That in and of itself is worth something.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #12 on: January 10, 2011, 05:34:15 AM »

The refinery project approvals are the intrisic value...Altius put about $100 million of equity and debt into the project...they carry it at 0....and it really is a call option...it could be worth very little...but in a liquidation scenario...Altius as the only debt holder would get something back.

Dazel.

biaggio

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Re: ALS.TO - Altius Minerals
« Reply #13 on: January 10, 2011, 05:44:28 AM »
I was speaking to an engineer in the energy field a few weeks ago---and he was explaining how difficult to get an approval for a refinery which we all know due to enviro issues + who wants one in their back yard....but I did not realize how long it takes to build one + get it going/operating. He said it takes >10 years from scratch. Does that sound right? If so than the refinery owned by ALS has significant value.

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #14 on: January 10, 2011, 07:01:59 AM »

Refining project is NLRC -Newfoundland and Labrador and Refining Corporation (they have a website)

It really has very little value right now...they need a Major partner...It is the first Refinery project
approved in North America in generation...for what that is worth?
It is appropreaite to value it at 0...we value it as an out of the money call option.

Dazel.

Myth465

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Re: ALS.TO - Altius Minerals
« Reply #15 on: January 10, 2011, 07:21:13 AM »
Seems like one should focus on Alderon in terms of understanding where the value will come from this year. The royalty issue is fairly straight forward.

Amazing what they did with the Uranium play. 650k to 200 million. I dont think even LUK has done something like that.

gurjot

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Re: ALS.TO - Altius Minerals
« Reply #16 on: January 11, 2011, 05:05:58 PM »
this is a good company to own in resource sector.  Also  they hired Paul Van Eeden recently to manage part of their 200 million cash.
if they can find someone to finance the refinery stock can double from here.

netnet

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Re: ALS.TO - Altius Minerals
« Reply #17 on: January 11, 2011, 08:26:45 PM »
Two questions:

  • Does anyone have any more info on the CEO?
  • I assume that the game of buying mining land in Canada for pennies on the dollar is probably gone, for this cycle anyway; so what is the next trick for these guys and do they have the discipline to wait. (Or is their 10 or11 deal pipeline plus the refinery enough to last through this cycle.)

Thrifty3000

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Re: ALS.TO - Altius Minerals
« Reply #18 on: January 11, 2011, 08:38:29 PM »

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #19 on: January 12, 2011, 07:09:02 AM »

Alderon is at $3.60 (up 12%) on the news that their next door neighbor got taken out for $5 billion...Alderon"s management is the former founders of Consolidated Thompson....interested yet????

http://us.rd.yahoo.com/finance/external/bloomberg/SIG=13ivsap6u/*http%3A//www.bloomberg.com/news/2011-01-12/cliffs-to-buy-consolidated-thompson-to-tap-china-iron-ore-growth.html?cmpid=yhoo