Author Topic: ALS.TO - Altius Minerals  (Read 1461833 times)

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6130 on: July 16, 2018, 12:17:38 PM »
http://www.thereminder.ca/news/local-news/777-end-date-now-2021-1.23342710

777 mine life extended to Q4 2021 according to Hudbay spokesman:

“A reassessment of the mine plan and achievable mining rates led to a plan where the reserves are fully mined out in 2021,” said Weinerman.

“At this time, we anticipate the 777 mine’s reserves to be depleted in the fourth quarter of 2021 and we are continuing efforts to extend the mine.”

According to Weinerman, the 777 mine engineering and geology team is conducting an assessment to determine whether there are additional ores that could be mined profitably.



linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6131 on: July 16, 2018, 12:49:49 PM »
777’s 3.876 million tonnes of reserves are set to deplete in Q4 2021.

There’s another 1.4 million tonnes of indicated and inferred resources. Another year or two of production beyond 2021 if Hudbay’s engineers are successful. Mine life lasting to Q4 2023 would be excellent.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6132 on: July 16, 2018, 02:33:24 PM »
If we assume C$3.25 million in Q2 2018 royalty revenue total revenue from 777 is ~C$34.5 million.

Purchase price for Callinan is C$67 million net (C$112 million purchase price - C$45 million in cash and equity investments).

51.5% payback in 3.2 years.

Another 3.5 years of C$3.25 million a quarter, taking us through Q4 2021 = potential additional revenue of C$45.5 million.

Total potential royalty revenue from 777? C$80 million. Low IRR based upon the C$67 million purchase price but obviously that excludes all the other realized and unrealized potential from the Callinan portfolio (Cuale royalty, Gunnison royalty, Evrim shares, Excelsior shares, Irish Adventus seed position, etc.)


linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6133 on: July 16, 2018, 07:53:27 PM »
https://wcsecure.weblink.com.au/pdf/PXX/02000000.pdf

More intervals of visible copper gold mineralization found at PolarX’s Zackly deposit. This drill hole is 100 meters below all existing holes at Zackly. The Zackly skarn seems to be getting significantly thicker as they drill deeper. 

This is probably the easiest way to expand the 3.4 million tonne Zackly deposit: just keep following the mineralization down for another 500 meters.
« Last Edit: July 18, 2018, 03:20:41 AM by linealdin »

mugwump

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Re: ALS.TO - Altius Minerals
« Reply #6134 on: July 17, 2018, 05:58:32 AM »

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6135 on: July 17, 2018, 08:00:20 AM »
constantine drill results
https://ceo.ca/@nasdaq/constantine-drills-288-meters-at-90-zinc-35-lead

Altius owns only 3% of Constantine, very modest compared to the other participants in the recent $10 million private placement: Electrum owns 21% and John Tognetti 14%.

Given that caveat Constantine does have an excellent VMS deposit with Palmer (8.125 million tonnes at 16% zinc equivalent including barite) ripe for expansion. One of the highest grade undeveloped zinc deposits on the planet. They may have a VMS district of 5 or more deposits if these excellent new drill results are followed up.

The Altius 3% equity beachhead may create future royalty financing opportunities on Palmer.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6136 on: July 17, 2018, 11:07:14 AM »
IOC in Q2 produced 1 million tonnes of concentrate and 0.5 million tonnes of pellets, but only sold a combined 0.4 million tonnes of concentrate and pellets.

So there's an extra 1.1 million tonnes of product on the wharf waiting to be sold in Q3.

IOC's guidance for 2018 has been revised downwards to 15.33 million to 17 million tonnes to account for the strike stoppage of production (originally 19.6 million to 21.3 million tonnes guidance). Loss of 20% of annual production.

mugwump

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Re: ALS.TO - Altius Minerals
« Reply #6137 on: July 17, 2018, 01:16:15 PM »

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6138 on: July 17, 2018, 03:16:18 PM »
adventus picks up $9.2 million
https://ceo.ca/@newswire/adventus-zinc-closes-c92-million-private-placement

Altius picked up 366,667 Adventus shares in this financing. An investment of C$330,000, very small potatoes. Letting Wheaton take most of the high priced shares.

Pumping the brakes on buying shares of ADZN, as many of you hoped for.
« Last Edit: July 19, 2018, 11:08:59 AM by linealdin »

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6139 on: July 18, 2018, 03:53:51 AM »
https://wcsecure.weblink.com.au/pdf/PXX/02000343.pdf

New PolarX presentation. I think they have a chance to double or triple the existing 3.4 million tonne resource at Zackly this summer exploration season. Very good hits so far on drill holes 850 meters along strike and at 100 meters below all previous drilling. Thicker mineralization than expected.