ALS.TO - Altius Minerals

[Liberty]

Potential good news:

http://www.millrockresources.com/news/millrock_provides_update_on_estelle_gold_project_alaska_and_early_exer/

[naboo]

Potential good news:

http://www.millrockresources.com/news/millrock_provides_update_on_estelle_gold_project_alaska_and_early_exer/

Are there any Millrock shareholders on this board besides me?

[Dazel]

For those shareholders of Altius....
sleep tight....you own Candian resources in New Foundland and Labrador. Where the government is friendly and your CEO and resident entrepreneur is from there...
They are the largest holder of mining permits in the province and work closely with the government. We have not gotten any respect from the market for our political safety and "Canadian assets and cash equivalents" but we will.

www.nr.gov.nl.ca/nr/mineralstrategy/submissions/Altius.pdf

We made money a small amount of money on TRE on their $11 equity raise...but passed on all the high flyers with respect to China. We hope there is no fraud there of course for all involved.

But we chose the slow turtle like road of Altius. With an embedded margin of safety. We sleep well with our cash hoard and we expect a "Canadian premium" at some point in the future.

Dazel.

[Dazel]

http://www.businessspectator.com.au/bs.nsf/Article/High-iron-ore-prices-to-stay-for-now-HGBMP?opendocument&src=rss

This is very positive for Alderon an Altius' other iron ore holdings.

Dazel.

[Dazel]

http://www.indexmundi.com/commodities/?commodity=iron-ore&months=60

interesting chart.....and people thought gold was doing well!!!


Dazel.   

[Dazel]

http://www.dailymarkets.com/stock/2011/06/06/cliffs-provides-outlook/


Here are the economics of the Consolidated Thompson mine from Cliffs Natural resource for 2011 and 2012. You can see why they bought it!

Sorry for the overload of info but it shows what Alderon could become...if it grows up like it's neighbour.

Dazel. 

[Liberty]

Thanks Dazel, you always find interesting stuff.

I'm curious to know if you're still buying. Seems like you've been buying forever, still have dry powder?

[naboo]

http://www.dailymarkets.com/stock/2011/06/06/cliffs-provides-outlook/


Here are the economics of the Consolidated Thompson mine from Cliffs Natural resource for 2011 and 2012. You can see why they bought it!

Sorry for the overload of info but it shows what Alderon could become...if it grows up like it's neighbour.

Dazel. 

So it seems like ALDERON RESOURCE (ALDFF, ADV.V) at current price is a better choice than Altius.

[JAllen]

http://www.dailymarkets.com/stock/2011/06/06/cliffs-provides-outlook/


Here are the economics of the Consolidated Thompson mine from Cliffs Natural resource for 2011 and 2012. You can see why they bought it!

Sorry for the overload of info but it shows what Alderon could become...if it grows up like it's neighbour.

Dazel.  

So it seems like ALDERON RESOURCE (ALDFF, ADV.V) at current price is a better choice than Altius.

But it's way riskier because it doesn't have a huge cash balance and its success is dependent on one currently undeveloped body of ore.  Altius has Alderon upside (including the royalty) and many other assets that support its value.  If Alderon doesn't work out for some reason a current investor would lose way less if they only owned Altius.

I should add that Dazel did a way better job explaining this earlier in this thread (about why he's buying Altius, not Alderon).

[Dazel]

We own a small position in Alderon...and yes still picking away at Altius....

Dazel.