ALS.TO - Altius Minerals

[beerbaron]

Dazel, have you been able to put your hands on the feasibility study for the oil refinery?

BeerBaron

[goldfinger]

About iron ore prices: http://www.ft.com/cms/s/0/b1d72b68-42a5-11e0-8b34-00144feabdc0.html#axzz1FDHZCTSj

[jjsto]

I "drank the cool-aid" and took a small position in this company a while ago as well.  Also the first time I have ever used an idea from here.

Guys on this forum posted an interesting update on the recent Alderon activity:

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29099925&l=0&r=0&s=ALS&t=LIST

Thanks Dazel

[Dazel]

"Dazel, have you been able to put your hands on the feasibility study for the oil refinery?"

I have the NLRC at 0 in my analysis...even though I think a liquidation would bring something. So I have not gone into it too much. Dalton says that no one has been able to argue that the numbers do not work....It is designed for diesel fuel and is intended to be shipped to Europe...from what I recall.

If there is anything positive that comes out of NLRC..Altius shares will sky rocket..I am not counting on that which is why I call it a call option and price it as out of the money right now.

Dazel.

[Dazel]

I expect quarterly results out on or before March 17th...should explain a lot to the public.

Also expect Alderon to release their reserve measurement anytime as well....

I would like Altius to give some comment  to their other potential projects and where they are...but obviously they are busy with NLRC and Alderon right now...this info is very public.

Of special interest to us is St. Georges Potash and the Oil shale's in New Brunswick...we think these are unknown to the public...in this environment we think this could generate a lot of partnership interest.

Dazel.

[goldfinger]

Dazel,

Of special interest to us is St. Georges Potash and the Oil shale's in New Brunswick...we think these are unknown to the public...in this environment we think this could generate a lot of partnership interest.

What do you think about the uranium projects (Notakwanon and Boxey Point for example)?

[Dazel]

All I know about their uranium holdings is what they did with their last uranium project...that produced a $200m plus gain and a 3 % sales royalty (not started yet). Uranium and all of their projects are now in play with the global oil and commodity boom. I am not qualified to know what they are worth otrher than to compare similar resources close to where they are. It seems that Potash and Oil are in vogue and when that happens their is financing money to be had...that follows the Altius model...that is where I would be focusing...however, these guys are way smarter than me with regards to resources and I get that for free..so I will wait.

Shareholders might be interested in the New millineum capital story...Tata steel has agreed to finance their Labrador project...Their market cap is $680m...for about the same amount of Iron ore...that Alderon says they have (estimate should be out soon)..the Tata project is further ahead but Alderon thinks they can raise their estimate of iron ore with 2011 drilling that has been successful so far...

Dazel.

[beerbaron]

Shareholders might be interested in the New millineum capital story...Tata steel has agreed to finance their Labrador project...Their market cap is $680m...for about the same amount of Iron ore...that Alderon says they have (estimate should be out soon)..the Tata project is further ahead but Alderon thinks they can raise their estimate of iron ore with 2011 drilling that has been successful so far...

Dazel.

Yeah I heard about it on my drive from work, pretty good news. Maybe you could shed some light in terms on deposit concentration are both mines comparable? What about distribution, I heard Tata plans to make a 300km pipeline, would the equivalent be needed for Alderon? So if I understand correctly Alderon is 1 year behind New Millenium?

BeerBaron

[goldfinger]

Paul van Eeden has invested in Miranda Gold a prospect generator in gold projects for the joint venture with Altius (2260761 Ontario Incorporated)
I believe he is also involved with Evrim Metals and I would not be surprised if he bought shares also. Looking at Evrim, they have lots of Gold/Silver projects.

MIRANDA GOLD CORP. ("MAD")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  October 29, 2010
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced September 27, 2010:


Number of Shares:   1,000,000 shares 
     
Purchase Price:   $0.50 per share 
     
Warrants:   1,000,000 share purchase warrants to purchase 1,000,000 shares 
     
Warrant Exercise Price:   $0.75 for a two year period 
     
Number of Placees:   1 placee 
     
Insider / Pro Group Participation: 
   
   Insider=Y / 
Name   ProGroup=P    # of Shares 
2260761 Ontario Incorporated (Paul van Eeden)   Y   1,000,000 

Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

[Dazel]

"Yeah I heard about it on my drive from work, pretty good news. Maybe you could shed some light in terms on deposit concentration are both mines comparable? What about distribution, I heard Tata plans to make a 300km pipeline, would the equivalent be needed for Alderon? So if I understand correctly Alderon is 1 year behind New Millenium?"

BeerBaron,

I will wait until Alderon's  national 43-101 resource estimate is out...which should be any day..
here is the link to what they are expecting which would be larger in size than The New Millineum project...with the 2011 drilling included.
 
http://alderonmining.com/_resources/news/2011-02-03-NewsRelease.pdf

I will look at grades etc when the 43-101 is out. We think this will be a catalyst for both Alderon and Altius...because the brokergae houses will be all over them to raise funds and get the fees from the offering and debt or linking a partnership like the one talked about above with Tata steel...and therefore it will bring more coverage to both stocks. In Altius case bring "some" coverage..there is not one analyst covering it!

Dazel.