Author Topic: ALS.TO - Altius Minerals  (Read 1461818 times)

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6690 on: October 18, 2018, 08:54:37 AM »
LIF hits a new 52 week high of C$29.23. Altiusís 3.5 million share equity position worth C$102.3 million at that level.

Altius adding another ~350,000 LIF shares in Q3 was timely.

For the next 4 quarters I expect LIF dividends totalling C$2.65 per share (full year 2017 dividends).

3.5 million shares X C$2.65 = C$9.275 million annual pass-through royalty.

LIF is now the 3rd most important royalty in Altiusís portfolio after Chapada and Rocanville.


linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6691 on: October 18, 2018, 09:07:50 AM »
https://www.google.com/amp/s/www.theglobeandmail.com/amp/investing/globe-advisor/article-six-stocks-with-turnaround-potential/

Taylor Asset Management on the bull case for LIF in the Globe and Mail today:

ďIOC will benefit from a significant premium it receives for its higher-grade ore favoured by Chinaís steel mills to reduce pollution, and rising prices for pellets due to a supply shortage, he says. That should provide investors who own Labrador stock with an annual dividend of $4 to $4.50 a share, he estimates. But a possible catalyst for the stock could come soon from Rio Tinto PLC, which will decide whether to sell its 59-per-cent stake in IOC or take it public, he says. Labrador could also be a potential takeover candidate by someone interested in IOC, he says.Ē

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C$4 to C$4.50 share in annual dividends? Thatís an aggressive prediction. LIF is going to be trading in the C$40 to C$50 range if it pays out those kinds of dividends.

C$4.50 x Altiusís 3.5 million shares = C$15.75 million Altius royalty revenue

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Samarco, IOCís main competitor in the pellet market, may restart by 2020 but only at 1/3 of its previous capacity. So it looks like a nice long run for high pellet premiums, maybe 2 or 3 years.
« Last Edit: October 18, 2018, 09:31:37 AM by linealdin »

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6692 on: October 18, 2018, 10:16:32 AM »
http://altiusminerals.com/uploads/Factsheet-Oct-16-2018-Final.pdf

Updated Altius fact sheet has the royalty breakdowns for Q3:

Disastrous quarter for 777 mine at C$1.9 million, down from C$3.2 million in Q2. Chapada delivered C$4.7 million (up from C$4.5 million in Q2) despite the depressed price environment.

Must be somewhat serious production problems at 777.

Voiseyís Bay delivered C$300K. Crummy.

Rocanville hits a quarterly record at C$2.9 million.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6693 on: October 18, 2018, 10:45:42 AM »
https://www.google.com/amp/s/seekingalpha.com/amp/article/4211331-first-majestic-silver-win

The second thing pushing Evrimís stock price up is the 2% Ermitano royalty. Keith Neumeyer of First Majestic, which now owns Ermitano, is talking up the property:

1) He emphasizes that the 40.8 million ounce silver equivalent is just a maiden resource based on 32 drill holes. First Majestic will have 3 drill rigs on the property trying to quickly expand the resource.

2) First mined ore from Ermitano expected by late 2019. Near term royalty income for Evrim.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6694 on: October 18, 2018, 11:24:08 AM »
Whatís at stake with Evrimís drilling at Cuale: a buyout for unbelievable numbers.

An open pit, high sulphidation gold deposit in a good location is going to sell for at least US$165 per ounce of gold.

A 3 million ounce deposit sells for C$643 million.

A 6 million ounce deposit sells for C$1.287 billion.

Altius exercises its Evrim warrants and takes 15% of the buyout: C$96.45 million to C$193 million.

Timeframe: the next year or two.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6695 on: October 18, 2018, 11:58:33 AM »
Dilution of Altiusís potental 15.6% equity position in Evrim (with exercised warrants) is not really a concern. Evrim tells me they have C$14 million in the bank, pre-drilling.

If the initial 3000 meter drill program is successful Evrim is fully funded to move on to a Phase 2 drill program of 20,000 meters to aggressively delineate the deposit. Another C$5 million for the Phase 2 program.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6696 on: October 18, 2018, 02:42:29 PM »
https://www.canexmetals.ca/site/assets/files/4987/nr-18-8_gibson_drilling_update.pdf

Canex has completed 6 of 10 drill holes at the Gibson property. Sounds like they hit an interesting mineralized zone in an area that hasnít been drilled before.

Historical drill results at Gibson are intriguing: 9.18 meters of 7.54 g/t gold equivalent.

Altius has a 2% royalty and a big equity position in Canex.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6697 on: October 19, 2018, 08:25:30 AM »
http://antlergold.com/files/PR_20181017_final_re_soil_results_clean_with_figures.pdf

Antler Gold spent the summer soil sampling at Crystal Lake, Noel Paul and Cape Ray properties. Altius holds 2% royalties on those properties and Antler equity.

Antler closed a C$678K financing in August. They should be starting a Phase 2 drill program at Wilding Lake soon.

linealdin

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Re: ALS.TO - Altius Minerals
« Reply #6698 on: October 19, 2018, 10:52:25 AM »
http://www.aethonminerals.com/storage/presentations/aethon-minerals-oct-2018-1539876226.pdf

New Aethon presentation:

1) Sounds like they will maintain the Llanos option ($100k due November 15th) and do a Phase 2 drill program to test a deeper porphyry target.

2) Arcas: 1300 rock samples assayed. Best result of 13% copper. Drilling planned for 2019.

3) Maricunga projects: 820 rock samples assayed.

4) Aethon is still evaluating acquisition options. They need to pull the trigger.