Author Topic: ALS.TO - Altius Minerals  (Read 1904659 times)

Myth465

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Re: ALS.TO - Altius Minerals
« Reply #540 on: March 13, 2012, 03:42:03 PM »
Quiet is good guys....we only want to be on the front page once...Look at the press Viterra is getting for a possible bidding war! In two years I think my Viterra post got maybe 3 responses here on a value investing board!!...

When you think about business you need to understand what the assets are worth to other businesses. Individual investors are driven by sentiment and the crowd..A good business is thinking about maximizing their assets everyday..not the value of their market caps...Is it cheaper to build? Is it cheaper to expand the workforce? How much will it cost to enter another country? And then they always ask the question.
" would it be cheaper to buy out another business" and when it is...they do it...that simple.

Boone Pickens famous line "it is cheaper to drill for oil on the New York stock Exchage than than anywhere else." is true right now and there is trillions of dollars on corporate balance sheets on the sideline...

Altius is in the boring Viterra situation because of the fact no one knows them...Their assets are world class (not unlike Viterra) but their cash in the bank, no debt, and future cashflows make it an incredible business over the next few years unlike Viterra.

Dazel.

Dazel I will keep this in mind for my other investments. Thanks again.


valueinvesting101

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Re: ALS.TO - Altius Minerals
« Reply #541 on: March 15, 2012, 09:33:25 AM »
I want to buy this stock in US. I see this is listed ATUSF and trades on OTC. Any online discount broker which will allow me to buy these type of securities? Also will I be liable to pay taxes in Canada if I get dividend or if I sell these shares or am I subjected taxes only in US as transaction is done on OTC exchange in US?

I do not intend to sell these for sometime and it looks like these guys will not be paying out any dividend soon but I want to understand tax implications as well.

I have recently started investing in US and hence do not have experience with different brokers.

Myth465

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Re: ALS.TO - Altius Minerals
« Reply #542 on: March 15, 2012, 04:05:01 PM »
You can buy it for free at wells Fargo is you have enough capital. Also TDAmeritrade will let you buy it. I think most discount brokers will actually. I hold it at Wells.

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #543 on: March 16, 2012, 12:49:24 PM »
http://www.cbc.ca/labradormorning/episodes/2012/03/15/more-on-the-wetlands-in-labrador-west/

About ADV's recent meetings with locals. Interview with CEO during second part.
« Last Edit: March 16, 2012, 01:02:55 PM by Liberty »
"Most haystacks don't even have a needle." |  I'm on Twitter  | This podcast episode is a must-listen

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #544 on: March 18, 2012, 02:02:53 PM »

Shaleb,

You are correct Altius is on the right path at $150....it makes them very very valuable with their iron ore holdings....but capital flows are also important over the next two years as their properties become closer to production...
For example the PEA for Alderon is at $118 iron ore price....The $150 we are at now makes Alderon a huge economic success and altius' royalty payout high...there will be a lot of companies-investors chasing those economics with capital if it is available because there is virtually no yield out there...if a company were to leverage the Alderon project at these interest rates they would make a killing if the economics held...this is why Alderon is saying they could do off take agreements now but they want to wait so there is a bidding war.
If we get a loosening of capital and the iron ore remains here Altius will hit a perfect storm...right place right time.

Dazel

value-is-what-you-get

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Re: ALS.TO - Altius Minerals
« Reply #545 on: March 19, 2012, 06:29:55 AM »

For example the PEA for Alderon is at $118 iron ore price....Dazel

I read $115 in the PEA (page 1-15).  To be clear though, this is not some sort of hurdle price under which things are not feasible, it is a number taken from long term iron ore price averages and at that level generates a 40.2% IRR with a 2.7 year payback of initial investment!  So at $115 it's a home run.  At an ongoing extraction cost before royalty of $44.87 (call it $50) any iron ore price above that is available for payback of initial capital.  Now I don't think it's realistic to say anything above $50 is a winner because it's far less attractive with longer payback of course, but it's also very do-able with iron ore prices BELOW long-term averages, especially in our current low-cost capital environment.

Of course with prices around $150 it's a no-brainer.

"Altius will hit a perfect storm . . . right place right time"  . . . again!



Liberty

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alertmeipp

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Re: ALS.TO - Altius Minerals
« Reply #547 on: March 21, 2012, 07:14:02 AM »
very interesting company.. but any near term catalysts?

BRK7

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Re: ALS.TO - Altius Minerals
« Reply #548 on: March 21, 2012, 10:38:59 AM »
M&A activity in Labrador: Ridgemont to Acquire IronOne Inc.

http://tmx.quotemedia.com/article.php?newsid=49581494&qm_symbol=RDG

Mark Morabito is Executive Chairman of Ridgemont and also Executive Chairman of Alderon Iron Ore

Dazel

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Re: ALS.TO - Altius Minerals
« Reply #549 on: March 21, 2012, 04:00:04 PM »
Re: ALS.TO - Altius Minerals
Reply #563 on: Today at 07:14:02 AM
Quote
very interesting company.. but any near term catalysts?


The feasibility study for Alderon will show incredibly good economics...remember the PEA was only for half the resource....the NPV will be in the range of $6 billion...this will be out in the next 3 or 4 months we think....with that comes the bids for he offtake iron ore and bidding likely on Alderon it's self if it does not become more valuable in the market...

More importantly when investors start taking Alderon seriously it will lead them to altius..the Alderon royalty is massive, and other iron ore properties...and then of course their other assets....we think they will do something very intelligent with their cash as well...these guys are not known...they will be.

Dazel