Author Topic: ALS.TO - Altius Minerals  (Read 1505747 times)

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6860 on: December 03, 2018, 06:42:43 AM »
https://www.thewesternstar.com/business/alderon-ready-to-start-construction-on-kami-mine-pending-financing-264676/

Alderon aims to begin construction in Q1 2020. Tayfun Eldem with some positive comments on the financing process. Market interest returning to iron ore and bulk comodities (strategic investor?) and one-on-one discussions with HBIS on how to structure the financing continue.


linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6861 on: December 03, 2018, 11:36:08 AM »
https://ceo.ca/@newsfile/excelsior-mining-closes-us75-million-project-financing

Excelsior US$75 million stream financing officially closes. The Greenstone US$9.4 million equity financing and the Altius C$5 million royalty purchase will follow shortly.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6862 on: December 03, 2018, 05:10:30 PM »
Wolfden creates a revenue stream from timber, with 20% going to Altius. From the Q3 financials:

"During the third quarter of 2018, Wolfden Mt. Chase LLC entered into a Forest Management Agreement with Huber Resources Corp. to harvest select portions of the timber on the Property. As per the terms of the contract, Huber has developed a long term forest plan to harvest and sell select portions of the Property, in a sustainable manner, so as to protect the forest and maintain its timber value. A portion (20%) of the final sales receipts will be deposited into an escrow account in favour of Altius, which is consistent with the terms of the Royalty Agreement."

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6863 on: December 04, 2018, 03:39:10 AM »
A couple of relevant pieces in the Global Mining Observer:

http://globalminingobserver.com/people-205

Less than two years in and he has an office with a ping pong table above the Toronto Stock Exchange, $11m in cash in the company and 100 people on the ground in Ecuador. Having listed at 50 cents, shares in Adventus have almost doubled. “The rocks talk,” Kargl-Simard says. “Rocks are the most important part of the business and Ecuador is one of the last frontiers in mining.”

http://globalminingobserver.com/debt-securitization-mining-royalties-streaming-205

Bankers want to do securitization deals in the mining royalty industry. Eliminating debt to free up large amounts of capital, which can then be deployed to buy new royalties and streams.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6864 on: December 04, 2018, 10:22:22 AM »
https://ceo.ca/@newsfile/excelsior-mining-commences-mine-construction-at-the

Excelsior begins construction at Gunnison. 5 drill rigs will drill 41 production wells and 22 compliance wells. First copper production by Q4 2019.

mugwump

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Re: ALS.TO - Altius Minerals
« Reply #6865 on: December 05, 2018, 05:57:56 AM »

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6866 on: December 05, 2018, 08:17:32 AM »
“The terms of the Construction GRR are Altius has paid C$5.0 million for a gross revenue royalty that is equal to (i) 0.625% while the plant capacity of all the plants operated or constructed by the Company or its affiliates for use in connection with the Gunnison Copper Project ("Plant Capacity") is less than 75 million lbs. of copper per annum; and (ii) 0.5% while the Plant Capacity is greater than or equal to 75 million lbs. of copper per annum.

“Combined with the GRRs that Altius previously acquired (see Excelsior news releases July 29, 2014 and August 1, 2013) Altius now holds a 1.625% GRR on the Gunnison Copper Project while Plant Capacity is less than 75 million lbs. of copper per annum and 1.5% while the Plant Capacity is greater than or equal to 75 million lbs. of copper per annum.“

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Royalty option did indeed vary with the production capacity of the plant. At 25 million pounds of annual production ($3 copper) the 1.625% royalty will bring in C$1.6 million annually.

At 75 million pounds ($3 copper) the 1.5% royalty brings in C$4.4 million annually.

At 125 million pounds ($3 copper) the 1.5% royalty brings in C$7.3 million annually.
« Last Edit: December 05, 2018, 08:23:48 AM by linealdin »

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6867 on: December 06, 2018, 08:19:18 AM »
https://ceo.ca/@nasdaq/evrim-announces-initial-drilling-results-at-cuale-gold

Evrim with initial drill results at Cuale. 14 meters of 1.92 g/t gold is the best result. The market hates it.

I believe the assays are not totally inconsistent with the target: a near-surface HSE deposit with 1g/t to 2 g/t gold. North Dome assays are coming.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6868 on: December 07, 2018, 03:26:49 AM »
https://www.capitalpower.com/InvestorRelations/Events/Documents/2018%20Capital%20Power%20Investor%20Day.pdf

Capital Power Investor Day presentation. Slides 18 to 21 give some color on the Genesee complex conversions, which will happen in a staged fashion.

Currently the plants have 20% natural gas co-firing ability. (I’ve seen no major dropoff in coal revenue to Altius in 2018. Perhaps they are using only a small portion of that co-firing capacity.)

2019: 20% gas co-firing capacity.

2020: New pipeline will allow 35% gas co-firing capacity.

Step 3: Increase one unit to 67% gas co-firing capacity.

Step 4: Increase 2 other units to 67% gas co-firing capacity.

Step 5: Increase 1 unit to 100% gas co-firing capacity.

Step 6: Increase 2 other units to 100% gas co-firing capacity.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6869 on: December 07, 2018, 03:36:25 AM »
Nameplate capacity does not equal 100% use of that capacity. We see that today. The Genesee complex currently has 20% gas co-firing capacity but Genesee’s fuel mix is nowhere near 20% gas.

I think Step 4 of the schedule above will happen in 2025. I predict Step 6 will happen in 2028.

Altius will receive gradually decreasing Genesee coal royalty revenue through 2030. Genesee will co-fire coal until the last possible moment.