ALS.TO - Altius Minerals

[Liberty]

Am I naive to have this belief in light of some of the items in regards to fraud/short selling on the other threads- EBIX, Sino Forest.

No fraud at EBIX as far as anyone knows, so don't lump together with Sino Forest please

[biaggio]

Sorry Liberty did not mean it that way,meant the debate on the EBIX thread

[Liberty]

Sorry Liberty did not mean it that way,meant the debate on the EBIX thread

No worries, I just wanted to make sure that people who follow this thread but not the one at EBIX wouldn't read that and conclude: "Ah, so they did find something bad at EBIX..."

[orion]

Hi, after reading the discussion I think this is a very compelling idea. But, unfortunately for me, this topic (Mining, Exploration) is way out of my "circle of competence". Beside reading Altiusīs reports, do you have any recommendations to get a better understanding, how things work in this sector? Websites, books, etc.

Thanks

[Liberty]

Hi, after reading the discussion I think this is a very compelling idea. But, unfortunately for me, this topic (Mining, Exploration) is way out of my "circle of competence". Beside reading Altiusīs reports, do you have any recommendations to get a better understanding, how things work in this sector? Websites, books, etc.

Thanks

This might help:

http://www.cornerofberkshireandfairfax.ca/forum/index.php?topic=5141.msg54591#msg54591

[Liberty]

Looks like someone finally noticed today. ALS up 6.17%. Probably because Altius sent a press release about Alderon..

Meanwhile, Alderon's down 4.4%.. Oh Mr Market...

[Dazel]

http://finance.yahoo.com/news/Alderon-Announces-Initial-iw-3746666263.html?x=0


Alderon beat their own estimates...over 1 billion tonnes!!! take a look at the evaluation numbers and plug in some numbers and  this is a home run. It really look looks like Thompson Consolidated 2...I am sure that Altius will be extremely busy in the next while as there will great interest from the mining giants that missed the Thompson story.

Dazel.

[Liberty]

That's great news!

[Williams406]

If I'm reading things right, today's resource estimate basically adds 480 million tonnes of inferred resource from North Rose to the already existing 118 million tonnes of inferred from combined Rose Central and Mills Lake. The 490 million tonnes of indicated resource from April's report remains the same. I'm guessing a few hundred more holes moves a lot of that inferred # to the indicated class. Please correct me if I'm wrong.

Has anyone looked at Thompson's reserve numbers at a similar stage? The first reserve estimate I see on sedar is dated 3/29/2007 for Thompson. Looks like inferred of 35 million tonnes and measured/indicated of 638 million tonnes. I'm not at all sure how useful that info is given different drilling paces. I did not compare # of drill holes or anything to see if comparing certain resource estimates between the two companies represents a useful analog. Just curious if anyone with more mining knowledge than me (ahhh...I see a great many hands raised) has torn that angle apart.

Anyway, the reserve estimate looks good.

406

[Dazel]

yes you are correct...they want to have the 1 billion tonnes upgraded to "measured and indicated" as the Thompson release had (630m measured and indicated)...the latest inferred tonnage had 25 holes in its estimate...the first resource estimate had 68 holes...

http://www.alderonmining.com/_resources/news/2011-06-09-NewsRelease.pdf ...this explains there goal of the summer and fall drilling program.

The press releases over time took up the shares of Thompson as will likely be the case with Alderon as they drill more holes...It should be exciting times for Alderon over the next while.



Dazel.