ALS.TO - Altius Minerals

[Myth465]

Dammit Dazel. Everything im looking at is running away. Where is the pull back when you need it.
I would hope for a take over, Im not overly bullish on Iron Ore given the state of Chinese investments.

I like the fact that these guys are Wheelers and dealers and arent wedded to the mine.

[gurjot]

just wanted to let everyone know altius will have a booth at vancouver gold show next weekend.  if you have any question can be answered there.

thanks

[Thrifty3000]

Mills Lake deposit is larger than initially expected: 

http://www.dailyfinance.com/rtn/pr/alderon-confirms-iron-at-mills-lake-with-30percent-iron-over-193-meters/rfid406558195/?channel=pf

ADV = $3.73

[Thrifty3000]

1/26 - Tentative agreement reached with striking Voisey's Bay workers.  Unanimously endorsed by labor union reps.

http://nickel.vale.com/pdf/Tentative%20Agreement%20January26%202011.pdf

[Dazel]

thx for the update....i saw it and did not post.

Alderon at $5.70 makes Altius  free...trading for cash. With all of the above projects and the royalty
stream at Voisey bay that will be bigger in the coming years. Altius also has $28m lawsuit against Vale for under payment.
we continue to add shares.

Dazel

[netnet]

I read through a number of AR's today.  This Brian Dalton seems like the real deal, a Pierre Lassonde or a Schulich in the making.

[Dazel]

When Rick Rule was asked about what he thought about Dalton and the management at Altius...
He said it made him "giddy" on BNN to think how much money they would make on the $200m cash hoard in the mining environment at the time.
They have since made $30m on the IRC deal,  a few $$m and counting in Millrock res and about $110 million and counting on Alderon!
While most mining companies are selling shares...Altius is bufferring cash with capital gains. Our kind of company. I would have to concur with Mr Rule that I am giddy with what they have done.

Problem not unlike other most forgotten stocks they are not followed by a single analyst...because they don't have any debt to raise or capital to raise. That may change if they want to keep their percentage stake in Alderon as it moves towards production. I have some ideas...for another time.

Dazel.

[Thrifty3000]

The Voisey's Bay miners voted to end the strike.

http://www.cbc.ca/canada/newfoundland-labrador/story/2011/01/31/nl-vale-vote-131.html

[value-is-what-you-get]

"Royalty revenue from the LNRLP was $1,654,000 during the year ended April 30, 2010 compared to $4,088,000 for the same period last year. Decreased royalty revenue was the result of lower concentrate shipments as a result of the continued strike at the mine site and at the smelting facilities in Canada. The reduction in concentrate shipments is expected to continue until the strike is resolved."

Strike is resolved so . . . looks like this cash tap has been turned on again!

[Mungerville]

Dazel,

I haven't posted much lately. Looks like an interesting find and I don't tend to think much is interesting.

So its a bunch of free options with a net-net and a long-term value oriented CEO with a strong balance sheet and a decent track record. That's a pretty good start. How do you lose money on this stock long-term? Any ideas?

If the only way to lose is for commodities to tank, could you not buy a good chunk and hedge it with put options on a commodity index?...taking out that risk thereby permitting you to invest more into it than you otherwise might.