ALS.TO - Altius Minerals

[Dazel]

http://finance.yahoo.com/news/Alderon-Metallurgical-iw-2155562494.html?x=0&.v=1

Alderon moving forward.

Dazel.

[Liberty]

http://finance.yahoo.com/news/Alderon-Metallurgical-iw-2155562494.html?x=0&.v=1

Alderon moving forward.

Dazel.

I don't understand all the technical stuff, but it seems like good news just based on this:

"The positive metallurgical results are another significant step in bringing the Kami Project into operation," says Brian Penney, Chief Operating Officer of Alderon. "The concentrate particle size distribution indicated by the testwork demonstrates that magnetic separation will provide a concentrate acceptable for market demands. The concentrate is expected to have very low deleterious elements with phosphorous being less than 0.01% and alumina at only 0.20%. Manganese is within acceptable range at 0.75%, which will allow for the broadest possible market for the Kami product as it is well below the critical 1% cut-off."

[jjsto]

Strange that Alderon would be down 8% on the same day as the news release...

[Liberty]

Strange that Alderon would be down 8% on the same day as the news release...

My guess is people are selling stocks that are seen as 'risky' pretty indiscriminately these days..

[jjsto]

Here are two recent forward sale contracts of 62% iron-ore.  The article also gives some cost break-downs for their mine. Not that it is all-that relevant to Altius... 

http://finance.yahoo.com/news/Palladon-Ventures-CML-Update-iw-466721180.html?x=0&.v=1

[jjsto]

Morabito interview:

http://www.cbc.ca/labradormorning/episodes/2011/08/04/alderon-resources---second-summer-of-exploration-in-labrador-west/

[Liberty]

Thanks for posting jjsto!

[biaggio]

Altius Minerals Corporation (TSX:ALS) Reports an Expanded Exploration Alliance With Cliffs Natural Resources

http://finance.yahoo.com/news/Altius-Minerals-Corporation-ccn-3399152944.html?x=0&.v=1

[Dazel]

Great news...they have said in the past that they thought the Voisey Bay nickel belt extended further...and they talk about some of this with regards to their royalty in the area which covers a lot more than the current reserve estimates for the mine.

Interesting that they are expanding iron ore activities with Cliffs as well...many analysts have speculated that Cliffs is a potential buyer of Alderon as it is next door to their newly acquired Thomson Consolidated. It would make more sense to buy Altius outright and therefore gain control of Alderon for basically free. I do not know if they are that smart at Cliffs...but that is what I would do...keeping Dalton as a big part of the Cliffs organization. They would be stealing it even at a 50% to 60% premium today.

Dazel.

[biaggio]

Dazel thanks for the update.

Listen, you gotta stay quiet, you re going to give CLiff or other s ideas, I am just getting into ALS-I was hoping for more than 50% gain over the long term.

Closed at $10. ($284 million mkt cap= no debt + $200 m in cash/securities + Alderon/all royalties)