Author Topic: ALS.TO - Altius Minerals  (Read 1460533 times)

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5890 on: May 23, 2018, 12:21:15 PM »
The coal royalties are a very steady revenue stream, not subject to the ups and downs of the commodity markets. The best case is that they bring in C$16 million a year for the next 12 years.

The goal is to transform that C$16 million for 12 years coal revenue stream, by a kind of financial alchemy, into a stream of longer-lasting renewable energy royalties: let's say C$10 million to C$12 million in annual royalty revenues for the next 40 or 50 years (by which time some of those turbines or solar cells will start wearing out or become technologically obsolete).

The renewable royalties will also not be subject directly to the ups and downs of commodity prices. Altius obviously likes the steady, predictable royalty revenues from the power generation business. They are just switching energy sources, just like the rest of the industry.


linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5891 on: May 24, 2018, 07:23:04 AM »
http://www.championiron.com/champion-iron/quebec-iron-ore-ships-one-millionth-tonne-of-high-quality-canadian-iron-ore-from-its-bloom-lake-iron-ore-mine/

Champion has shipped more than 1 million tonnes. With two more ships scheduled to load on May 25th and May 30th (Sunrise and Pan Advance) the total shipped will be 1.442 million tonnes, 19.5% of the annual target of 7.4 million tonnes.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5892 on: May 24, 2018, 09:09:28 AM »
Adia Resources, the private company which will advance Altius's Lynx diamond project, has been formed in the British Virgin Islands. Makes me think a multi-national company will be one of the "industry leaders" involved as a strategic investor. BHP, perhaps, because it has had a long-standing interest in finding diamonds in Manitoba.

It might be the right time for a new diamond company. The diamond market is turning up:

http://www.miningweekly.com/article/optimistic-diamond-price-outlook-could-underpin-a-return-to-profit-dividends-zimnisky-2018-05-24
« Last Edit: May 24, 2018, 09:13:47 AM by linealdin »

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5893 on: May 24, 2018, 04:22:03 PM »
A generation of risk-taking mining CEOs have largely been replaced by risk-averse CEO’s. The majors are not buying or building anything new.

In this risk-averse environment Altius is being aggressive and taking risks. They maxed out their debt making acquisitions. They took the full $100 million drawdown from Fairfax. They are investing in a dizzying number of spinouts. They are inventing the new sector of renewable energy royalties.

They should be shocking us a bit. This is good. In 8 years when Rio Tinto is making record-breaking acquisitions again Altius should be quiet as can be.


bizaro86

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Re: ALS.TO - Altius Minerals
« Reply #5894 on: May 24, 2018, 08:27:15 PM »
Does anyone know why the preferred securities created a big tax liability on the ALS balance sheet? There is a $30 MM number there that I'd like to understand.

mugwump

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Re: ALS.TO - Altius Minerals
« Reply #5895 on: May 25, 2018, 03:18:22 AM »
copper consumption will continue to climb
while supply will be stable
price will go higher
chapada deal looks better for altius
https://twitter.com/GianniKov/status/999660441344225281

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5896 on: May 25, 2018, 03:26:27 AM »
Does anyone know why the preferred securities created a big tax liability on the ALS balance sheet? There is a $30 MM number there that I'd like to understand.

This was discussed on the conference call for the Oct 31st quarter at the 19:50 minute mark. Ben Lewis answers an analyst question about it. Very esoteric but the Fairfax instrument is considered a hybrid, part preferred shares and part deferred tax liability. I have no idea what that really means. Check with Ben.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5897 on: May 25, 2018, 03:38:43 AM »
copper consumption will continue to climb
while supply will be stable
price will go higher
chapada deal looks better for altius
https://twitter.com/GianniKov/status/999660441344225281

Gianni is Mr. Copper. So many interesting tidbits from his feed. Here’s two:

1) The top 10 currently producing copper mines were discovered (on average) in 1928.

2) The current average time from discovery to production from a copper mine is 30 years.

When the world changes and discovers it needs more copper desperately the mining industry will not be able to flip a switch and deliver the pounds. The copper price will need to be elevated to a long time.
« Last Edit: May 25, 2018, 04:00:46 AM by linealdin »

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #5898 on: May 25, 2018, 03:51:04 PM »
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2558-tsx-venture/sic/47347-sokoman-iron-receives-revised-moosehead-modeling-multiple-targets-proposed.html

Sokoman receives new mineralization model for Moosehead Gold. 2000 meter, 20 hole drill program planned to start in late May. Drill holes will have new orientation to optimally test the mineralization.

Drilling will start with confirmation of historic results, then deeper drilling (beyond 150 meters), then a few pure exploration holes.
« Last Edit: May 25, 2018, 04:59:42 PM by linealdin »

mikek

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