Author Topic: ALS.TO - Altius Minerals  (Read 2069652 times)

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #680 on: June 08, 2012, 07:10:18 AM »
Also, pulled this link off the stockhouse forum.  Interesting discussion of power needs in the area:

http://www.nl.dailybusinessbuzz.ca/Provincial-News/2012-06-07/article-3002164/NL%3A-Mining-industry-needs-Muskrat-Falls,-says-Alderon-chairman/1

Interesting. At least it seems like they always have the option of getting their power from the Quebec side.



Dazel

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Re: ALS.TO - Altius Minerals
« Reply #682 on: June 11, 2012, 03:18:49 AM »
http://canadianinsider.com/node/7?ticker=ADV


Danny Williams is picking up some cheap Alderon shares!

Dazel

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #683 on: June 12, 2012, 06:18:28 PM »
http://www.marketwatch.com/story/millrock-and-vale-enter-option-agreement-concerning-the-audn-copper-gold-porphyry-project-alaska-2012-06-11-9173323

Quote
Millrock Resources Inc. CA:MRO +11.90%  ("Millrock" or the "Company") announced today that it has entered into an option agreement with Vale Exploration USA, Inc., a wholly-owned subsidiary of Vale S.A. ("Vale"). The agreement is being entered pursuant to the strategic alliance agreement between Vale Exploration Canada Inc, a wholly-owned subsidiary of Vale S.A. and Millrock made October 11, 2011 (see press release dated October 17, 2011: http://millrockresources.com/news/millrock_and_vale_form_strategic_alliance_for_copper-gold_porphyry_dep/ ). The objective of the alliance is to discover large-scale copper - gold porphyry deposits in target zones of Alaska identified by Millrock. This is the first "Designated Project" under the strategic alliance agreement.

The subject of the new option agreement is the AUDN project, a promising porphyry copper-gold target situated approximately 100 km southwest of the world-class Pebble deposit. The Millrock claim block is situated along a trend of porphyry occurrences. Aeromagnetic, gravity and radiometric potassium survey data indicate possible buried, mineralized intrusions within the AUDN project area. Millrock and Vale plan to carry out geophysical and geochemical surveys in 2012.

Under the terms of the option agreement, Vale may earn a 65% interest by expending US$3.5 million for exploration on the project over a three-year period and by paying Millrock US$200,000. Upon earning its initial interest, Vale may elect to carry the full cost of further exploration and development until a feasibility study has been completed, and thereby earn an additional 10% interest, for a total 75% joint venture interest. Further development of the project would proceed with the parties contributing on a pro-rata basis. In the event that a joint venture party dilutes below a 10% interest, such interest would convert to a Net Smelter Returns royalty of 2% on gold, silver, platinum, palladium and rhodium and 1% on all other metals.

Under the terms of the strategic alliance agreement, Vale is providing funding to Millrock for research and early-stage exploration to identify targets that may be nominated for Designated Project status. The work is focused on specific, defined areas of interest in the Alaska Range and Alaska Peninsula porphyry belts. Strategic Alliance funding consists of a minimum US$1.0 million in the first year, and a further US$1.0 million at Vale's option in the second year. Funding for the strategic alliance may continue in subsequent years at funding levels to be determined between the parties.

Initial investigations carried out by Millrock in 2010 were done with funding that Millrock received under a separate strategic alliance with Altius Minerals Corporation CA:ALS +1.04%  ("Altius"). By virtue of that agreement Altius is entitled to a royalty on any mineral production that occurs from most of the claims comprising the AUDN project.

Liberty

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Re: ALS.TO - Altius Minerals
« Reply #684 on: June 13, 2012, 04:37:43 PM »
http://www.grandich.com/2012/06/grandich-client-alderon-iron-ore-5/

At the end of the post there is:

Quote
Special Offer – To the party or parties who advocated shorting ADV, I like to make this offer to you; I will wager $100,000 that ADV makes a new, all-time high above $4 without ever going under $1 (That’s $1.78 higher from here versus just $1.22 below). If I win, you donate $100k to my favorite charity (http://www.fealgoodfoundation.com/) and if you win, I’ll donate $100k to yours). You know where to reach me if you’re interested.

Wonder if someone will take him up on that.

biaggio

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Re: ALS.TO - Altius Minerals
« Reply #685 on: June 13, 2012, 06:59:04 PM »
I like quote in article: “those of us that live by the crystal ball overtime learn to eat a lot of broken glass.”

moore_capital54

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Re: ALS.TO - Altius Minerals
« Reply #686 on: June 13, 2012, 07:25:56 PM »
 I thought I would share this with you folks interested in the Canadian iron ore market, one of the better graphics I've seen on the Labrador Trough:

http://www.visualcapitalist.com/wp-content/uploads/2012/05/LabradorTrough_Final.jpg

cwericb

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Re: ALS.TO - Altius Minerals
« Reply #687 on: June 14, 2012, 05:46:07 AM »
Thanks for sharing that Moore, it is quite informative. I don't know who did the graphics for that but it is pretty impressive in how it puts things in perspective, especially the Kami project.
Politicians and diapers must be changed often, and for the same reason. - Mark Twain

MrB

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Re: ALS.TO - Altius Minerals
« Reply #688 on: June 16, 2012, 08:44:14 AM »
Wonder if Cundill would ever have invested in Altius?

What was your best investment ever? One of the best investments I have ever made was Cleveland-Cliffs Inc., on the face of it a boring old iron ore company based in Cleveland that specialized in producing iron ore pellets. In the ’80s, Cliffs had 40% of the pellet market in North America, but in a stock market environment where everyone was focusing on growth stocks, the share price more than halved. No one cared that it had what I like to call extra assets in the form of a power plant in Michigan, which was held at a very low value on the balance sheet. I bought and bought as the price went on dropping, and there seemed to be an endless supply of stock. Finally it ran out and the bull market of ’86-’87 carried Cliffs to levels where I was able to sell a good deal of the position at a substantial profit. The icing on the cake was the crash of October ’87 that allowed me to buy back all I’d sold plus a bit and do it all over again.
http://www.theglobeandmail.com/report-on-business/rob-magazine/an-interview-with-peter-cundill/article566267/

JAllen

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Re: ALS.TO - Altius Minerals
« Reply #689 on: June 16, 2012, 11:07:47 AM »
I studied some of Berkshire's late 70s investments a while ago to see what he was up to then.

Turns out Buffett owned Cleveland-Cliffs then as well: http://www.berkshirehathaway.com/letters/1980.html