Author Topic: ALS.TO - Altius Minerals  (Read 1376673 times)

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5410 on: January 12, 2018, 03:55:26 AM »
Alderon bounced 27% at the end of the trading day to close at 28.5 cents. Altius’s 33 million shares worth C$9.4 million at that level.


linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5411 on: January 12, 2018, 06:59:13 AM »
China imports 1.075 billion tonnes of iron ore in 2017, up 5% from the previous year. That is exactly the growth rate we want to see for imports.

I assume Chinese domestic iron ore production decreased during the year, replaced by high quality imports.

Iron ore benchmark at US$78. LIF trading near its 52-week high at C$28.50.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5412 on: January 12, 2018, 07:49:32 AM »
Alderon bounce continues to 34 cents this morning. Altius position worth C$11.22 million at that level. CIA hits a morning high of C$1.47.

The iron ore majors have all risen significantly recently, now the good will flows down to the junior developers.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5413 on: January 12, 2018, 08:01:00 AM »
http://www.yamana.com/English/investors/news/news-details/2018/Yamana-Gold-Provides-Preliminary-2017-Operational-Results-and-an-Update-on-Construction-Activities-at-Cerro-Moro/default.aspx

Yamana announces preliminary results for Q4. 34 million pounds of copper produced in Q4, and 127 million pounds total for 2017. Guidance announced in February 2017 had been for 120 million pounds of copper. The optimizations at Chapada are having positive effects. The mini-quarter Chapada royalty revenue should be outstanding again.

Yamana did an advance sale of 40.3 million pounds of copper from Chapada, to be delivered in H2 2018 and H1 2019, for proceeds of US$125 million, or US$3.10 per pound, paid tomorrow. A kind of hedging. They want to be cashed up as the big Cerro Morro mine is brought online in the middle of this year. Yamana obviously doesn’t believe the copper price will rise significantly in the next two years.

Production guidance for 2018 through 2020 will be released on February 15th.

Interesting. Do you (or anyone) know how ALS gets paid? IE will they get there share of the $125 now, or does Yamana deliver their copper to ALS and they sell it themselves at time of production? Or some other arrangement.

Early word from Altius is that the advance payments Yamana is receiving today should not affect Altius’s usual Chapada stream payments, though they are double-checking with the finance people.
« Last Edit: January 12, 2018, 08:14:04 AM by linealdin »

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5414 on: January 12, 2018, 07:08:57 PM »
Evrim Resources bounces to 44 cents this morning. Altius share position worth C$5 million at that level, plus they have 2 million warrants exercisable at 35 cents.

Evrim’s JV partner First Majestic Silver hit a couple great drill holes at Ermitaño a while back, and they’ve been signing a lot of great deals with majors recently. It is a prospect generator like Altius so it will be enjoying a lot of free drilling on their land in 2018.

My understanding is that Evrim is on a run because First Majestic just announced the best drill holes yet at Ermitano:

3 g/t gold and 50 g/t silver over 37 meters
4.7 g/t gold and 277 g/t silver over 12.9 meters

Additional considerations: First Majestic has a mine at Santa Elena right next to Ermitano; Evrim and Ermitano have another joint venture at Cumobabi, a neighboring property. There is an opportunity for First Majestic to roll these properties up in order to extend mine life at Santa Elena.

Evrim only has 3 properties listed as available for option on its website. 2 of the 3, Llano del Nogal and Cuale, are Altius royalty properties. News of these great drill holes at Ermitaño should draw the attention of potential JV partners.

« Last Edit: January 13, 2018, 03:28:10 AM by linealdin »

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5415 on: January 13, 2018, 05:02:04 AM »
Alberta hits all-time electricity demand high of 11,697 MW on January 11th (breaking the record highs set in the previous couple of days). Fundamentals are excellent in Alberta power market. Genesee and Sheerness running at max capacity.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5416 on: January 13, 2018, 01:15:43 PM »
http://www.adventuszinc.com/storage/presentations/adzn---corporate-presentation---jan-2018---final-1515687697.pdf

New Adventus Zinc presentation. Very well done.

Two drill rigs on site at Curipamba. Plan to drill year round, up to 20,000 meters. Will spend $7 million at Curipamba in year 1.

Goal to complete one more major acquisition deal in 2018.

Drill ready targets at Rathkeale and Buchans. Evaluating whether to drill themselves or farm out to joint venture partners.
« Last Edit: January 13, 2018, 05:23:04 PM by linealdin »

Williams406

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Re: ALS.TO - Altius Minerals
« Reply #5417 on: January 13, 2018, 02:14:33 PM »
May Curipamba break the VMS model and create a new VSMS deposit type--volcanogenic super-massive sulphide...not that I wouldn't settle for a good old VMS deposit there. A lot of things to keep track of at Altius...thanks again, Linealdin for your work.

nostradamus

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Re: ALS.TO - Altius Minerals
« Reply #5418 on: January 15, 2018, 04:41:40 AM »
https://www.newswire.ca/news-releases/wolfden-confirms-massive-sulphides-zone-in-maine-and-completes-placement-669339633.html

Wolfden Confirms Massive Sulphides Zone in Maine and Completes Placement

THUNDER BAY, ON, Jan. 15, 2018 /CNW/ - Wolfden Resources Corporation (WLF.V) is pleased to announce that it has intersected massive sulphide mineralization (VMS) in each of the first two drill holes completed on its wholly owned Pickett Mountain base-metal property, located in Northern Maine, U.S.A. The 10,000 metre definition and expansion drill program is designed to confirm and expand upon historical drill results from the 1970's and 1980's on what was known then as the Mount Chase VMS deposit.  Wolfden renamed the project as the main zone of mineralization, comprised of two lenses that span 900 metres in length and up to 800 m deep, is located closer to Pickett Mountain than Mount Chase. Based on the historical drill results, Pickett Mountain is one of the highest-grade undeveloped VMS projects in North America.  The project has not been explored in thirty years and remains open at depth and along strike.  Wolfden acquired the project last fall with financing from Altius Minerals Corporation (ALS.T), after changes were implemented to the State of Maine's mining code.  The 6870-acre property includes all mineral, mining and timber rights.

With drilling underway, the 2018 work program will also include during the first quarter, detailed ground and airborne geophysical surveys over the main zone and the favourable package of host rocks.  By defining the signature and characteristics of the main zone, the company hopes to identify other lenses of VMS mineralization in the wall rocks and along stratigraphic trend.  All work is focused on developing a qualified resource estimate during 2018 that will be sufficient to study the economic potential of an underground mining scenario for the Project.

The first two holes intersected massive sulphide mineralization in the West Lens, above and below historical drill hole intersections.   These intersections were targeted using the historical drilling information and as expected, exhibit similar widths and appreciable amounts of sulphide (pyrite, sphalerite, galena and chalcopyrite) mineralization.  No assay results have been received to date and photographs of these drill intercepts will be available on the company's website www.wolfdenresources.com/pickett.html.  The drilling will continue to infill and confirm other holes in order to validate the historical information and to expand the extent of the known mineralization.  Assay results will be released in due course.

The Company has completed the previous announced non-brokered private placement with Ronald Little, a new and active Director of the Company, for gross proceeds of $217,500.  Mr. Little subscribed for 750,000 units at $0.29 per unit, with each unit comprised of one common share and one-half of a 60 month warrant with an exercise price of $0.61 share, for a total of 750,000 common shares and 375,000 warrants. The common shares and warrants issued in connection with the private placement are subject to a four month hold period under applicable securities laws that expires May 16, 2018. The private placement is subject to final acceptance of the TSX Venture Exchange.


linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5419 on: January 16, 2018, 03:02:08 AM »
http://www.riotinto.com/documents/180116_Rio_Tinto_releases_fourth_quarter_production_results.pdf

Rio Tinto announces its Q4 operational data.

IOC has 5.404 million tonnes of sales in Q4 (2.655 million tonnes of concentrate, 2.750 million tonnes of pellets).

Compare with Q3 sales of 5.027 million tonnes (2.319 million tonnes of concentrate, 2.707 million tonnes of pellets).

7.5% improvement in sales, quarter over quarter. IOC sold some of the product that had been sitting on the wharf due to shipping bottlenecks in Q3.

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Guidance for 2018 for Rio Tinto’s 58.7% share of production is 11.5 to 12.5 million tonnes, which translates to total IOC sales of 19.6 to 21.3 million tonnes in 2018.

Compare to 2017 IOC sales of 19.006 million tonnes, and 2016 IOC sales of 18.326 million tonnes.

Incremental volume expansion continues. Hitting the high end of the 2018 guidance would mean a 12% increase in sales volume over 2017. Hitting the low end of guidance would be a 3% increase.

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Potential labor issues at IOC. The union and Rio Tinto have broken off negotiations for their contract which expires at the end of February. Government mediators requested.

http://www.theaurora.ca/business/negotiations-off-between-steelworkers-and-ioc-in-lab-west-177556/
« Last Edit: January 16, 2018, 03:57:10 AM by linealdin »