Author Topic: ALS.TO - Altius Minerals  (Read 1505658 times)

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6670 on: October 12, 2018, 09:30:44 AM »
I expect Altius Q3 royalty revenue to beat Q2’s mark of C$16.5 million.

Copper and zinc prices will be down for the quarter but not as much as you would expect. Altius has lag effects in its royalty pricing. The market price dump won’t kick in completely and immediately. Potash prices up.

Positives will be the special dividend from LIF, a double catch-up payment from Voisey’s Bay, and possibly lithium royalty payments from the Lithium Royalty Corp co-investments ($100K from the Cattlin royalty, perhaps).

C$18 million for Q3?


linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6671 on: October 12, 2018, 10:12:23 AM »
https://www.denvergoldforum.org/webcast/

The Yamana Gold presentation at Denver Gold Forum is also excellent. See minute 5:45 of the video on Day 1 of the Forum:

1) Yamana had targeted a 4% improvement in recoveries from the improved recovery circuits they installed last year at Chapada. They are actually achieving a 6% to 8% improvement in recoveries. Hence the outsize copper production every quarter.

2) 8 to 10 million tonnes of quality ore being added to the Chapada stockpile every year. That’s why they need to increase the plant capacity from 23 MTA to 32 MTA.

3) Drilling results at Sucupira and Baru are better than the current Chapada pit. No brainer that those ore bodies must be mined, even if they have to push the pit walls back and relocate some surface infrastructure.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6672 on: October 13, 2018, 03:32:24 AM »
https://m.youtube.com/watch?feature=youtu.be&v=7X8EODoFpNc

John Kaiser interviews Bob Felder of Renaissance Gold. Discussion of the Silicon project at minute 6:45. How Silicon was discovered: hidden deposit with no gold at surface but mercury and silica as indicators of the top of an epithermal system. Anglogold has refused to give Renaissance the assay results of their initial 2346 meter drill program yet they are immediately funding a US$3 million, 17,000 meter Phase 2 drill program. Why such secrecy? A lot of smoke.

Altius owns a royalty on Silicon and equity in Renaissance.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6673 on: October 15, 2018, 08:21:00 AM »
http://www.vale.com/EN/investors/information-market/quarterly-results/QuarterlyResultsDocs/PREPORT3T18_i%20vFinal.pdf

Very, very low production from Voisey’s Bay in Q3:

Nickel, copper and cobalt all lower than in Q2 (which was already significantly lower than the previous year).

This is a strategic decision by Vale to decrease production from the open pit, thus extending its mine life, and waiting for the underground operation to come online. Voisey’s Bay royalty will be pitiful for a while.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6674 on: October 16, 2018, 08:15:48 AM »
http://www.explorationmidland.com/en/Communique.aspx?ResourceId=ba6921a6-d147-4f7d-b265-ae9681bdff01

Midland Exploration makes an interesting surface discovery at the former Lothlorien project. 700 meters trend defined by high grade gold and copper grab samples indicating a possible gold/copper/MO porphyry.

Under the revised JV agreement Altius received a 1% royalty on Lothlorien and shares in Midland in exchange for their 50% interest in Lothlorien and other JV projects.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6675 on: October 16, 2018, 08:34:23 AM »
https://www.riotinto.com/documents/181016_Rio_Tinto_releases_third_quarter_production_results.pdf

Rio Tinto reports Q3 production numbers for IOC at the bottom of page 28 in the linked document.

Only 4.905 million tonnes of production (slight dropoff due to maintenance issues) but a very healthy 5.415 million tonnes in sales. The LIF royalty is based on sales. The Q2 strike quarter seems to have left some product on the wharf, which was then sold in Q3.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6676 on: October 16, 2018, 12:05:40 PM »
https://www.marketwatch.com/press-release/canex-metals-closes-financing-and-issues-gibson-property-payment-and-altius-files-early-warning-report-for-participation-in-financing-2018-10-16

Canex closes a small C$115K financing, Altius taking the lion’s share of C$100K with full warrants. 1.18 million shares were also given to Altius as a property payment for Gibson. Altius would own ~24% of Canex with exercised warrants.

Cheap way to get into position as Canex starts a 1000 meter drill program.

nostradamus

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Re: ALS.TO - Altius Minerals
« Reply #6677 on: October 16, 2018, 11:22:47 PM »
https://www.excelsiormining.com/news/news-2018/excelsior-mining-successfully-concludes-permitting-process

Excelsior now fully permitted. Now they just need to get the money to build the mine. They are aiming for initial production in 2019. That seems...ambitious.

mugwump

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Re: ALS.TO - Altius Minerals
« Reply #6678 on: October 17, 2018, 05:09:02 AM »

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6679 on: October 17, 2018, 05:50:02 AM »
altius attributable royalties
https://ceo.ca/@businesswire/altius-reports-third-quarter-attributable-royalty-revenue1-of-169m

The Altius LIF position has increased from 3.15 million to approximately 3.5 million shares, additional shares purchased in Q3. Altius now owns ~5.46% of LIF.
« Last Edit: October 17, 2018, 08:28:35 AM by linealdin »