Liberty

That's assuming that their new capacity comes on time and on budget. We know that FTP can execute, but do we have evidence that they can? Of course, it's more conservative to assume that they can, but knowing how frequent cost overruns are, I still have to wonder.

I've always had Loews on my radar because of this board, but I've never really liked it, even when it got really low. It probably wouldn't rank in my top 10 or maybe even 15 best ideas. But that's just me...

The only way I've found to get an idea of management is to consume (read, listen, watch) absolutely everything you can find about them and the company and let it all aggregate and cross-pollinate in your head until you form an impression. More an art than a science, IMO, though if you had to make a checklist, there are certain things that would get more value than others (large insider holding bought with personal money, actions consistent with long-term vision, etc).

Saw that earlier. The pundits seem unwilling to believe that it's actually possible to succeed by doing simple things like focusing on your customer..

It's entirely up to you. Personally, I think I prefered the sun-fried Dazel, though ;) My estimate of Altius's IV is fuzzy on the upside, but the downside is very clear -- extremely well protected, which makes me comfortable. If something really bad happens to Alderon and Paladin's CMB, it probably means the industry as a whole is depressed enough for Altius to deploy capital in very attractive opportunities (both in royalties and equities, and maybe repurchases), and if Alderon and Paladin go forward as planned, it should be a big homerun. In the meantime, Voisey's Bay is more than enough to fund operations/exploration... I can't quantify the upside precisely, but the range is extremely attractive and I'm confident in management's ability to do what is best for the shareholder.

Down 7% to 388 this morning.

Fortress Paper Ltd. (“Fortress Paper” or the “Corporation”) (TSX:FTP) announced today that it intends to release its fourth quarter financial results for the period ended December 31st, 2011 after the close of the market on Monday, March 5th, 2012. In connection with the release of its results, Fortress Paper Ltd. will host a conference call Tuesday, March 6th, 2012 at 9:30 a.m. (PST) to discuss the financial results and the Corporation’s operations. Mr. Chadwick Wasilenkoff, Chief Executive Officer, Alfonso Ciotola, President, Kurt Loewen, Chief Financial Officer and Peter Vinall, President and Chief Executive Officer of Fortress Specialty Cellulose Inc. will host the call. To participate in the conference call, please dial one of the following numbers: Dial In Numbers: 604-681-8564 Vancouver 403-532-5601 Calgary or International 780-429-5820 Edmonton 416-623-0333 Toronto 613-212-0171 Ottawa 514-687-4017 Montreal Toll Free Dial In Number: 1-855-353-9183 from Canada and USA Participant Pass Code: 15086# Conference Reference Number: 765945 A replay of the conference call will be available for 7 days. To access the replay, listeners may dial 1-855-201-2300 from Canada & the USA. The conference reference number is 765945 # and the participant pass code to access the replay is 15086 #.

That's too bad. I remember you were one of the most vocal supporters of WDC back when I first gave it a look. Ultimately it wasn't a company for me, but I kind of expected you to be rolling in cash by now.

Thanks, I'm definitely curious to see what kind of IV range you are seeing.

http://www.alderonironore.com/_resources/news/2012-02-16-NewsRelease.pdf Alderon Continues to Receive Positive Drill Results in Preparation for Feasibility Study

+1! Cheers! I'm starting to come to this conclusion as well. Me too. I don't think it was entirely luck... but a lot of it was because of his analyst (I forget his name) who came up with the idea of the trade and pushed hard for it. After that, it was probably hard to actually execute and stick with it until it actually started working, so he deserves credit for that, but not much more.

:-\

No surprise there, and there's not really any reason why their moat would be stronger in emerging markets over the long term. They really need to change what they are doing or they'll keep getting the same results. Doesn't mean there's no money to be made with the stock, though -- that I don't know..

FTP was mentioned on BNN today, which could explain the volume this afternoon: http://watch.bnn.ca/#clip618929

A little while ago someone (sorry, can't remember who) posted this spreadsheet: https://docs.google.com/spreadsheet/ccc?key=0ApYtMgkh8FHjdHNvVHZJUk51QjNzZ3doSkxjaTlweHc#gid=1

http://lechoabitibien.canoe.ca/webapp/sitepages/content.asp?contentid=226228&id=296&classif=En+manchettes About the heavy metal decontamination at LSQ. FTP's only on the hook for the 7.5m in the deal, which seems like a very good thing because who knows how much it'll actually end up costing (they say 13m, but we'll see).

Wow, very high volume on Alderon. I wonder if it's the Sept-iles announcement that is making people that excited.

Thanks Abily. I knew it was something huge like that. How realistic that amount is depends on what the conditions to getting it are, though, but Altius has been known to under-promise and over-deliver, so we'll see.

Well done Allan! Very happy you are doing well!

I can't quite remember where I saw that, but the "bonus shares" that they mention altius getting if certain targets are met or exceeded, if I remember correctly thats quite a lot of shares (if anyone remember where that info was published, I'd appreciate the pointer). This could be a nice double whammy if Century hits jackpot, because Altius has a sliding royalty of 1-4%, and on top of that they could be getting more than the base 5 million shares of Century.

http://www.newswire.ca/en/story/920521/harper-government-announces-job-creating-investments-in-the-port-of-sept-iles#.TzlmZ3JIJKU.email Sept-Iles is the port that Alderon will have to use. For those who can read French (or use google translate): http://www.radio-canada.ca/regions/est-quebec/2012/02/13/003-investissement-port-sept-iles-quai-eau-profonde.shtml It says the expansion should be done for March 31, 2014. In time for Kami to use.

He works for Columbia University Press? i had no idea.

Ha! It certainly takes a lot of steel to make killer robots... ;D

Ben, did you just cut & paste this page? http://cup.columbia.edu/book/978-0-231-15368-3/the-most-important-thing

http://www.theaureport.com/pub/na/12525 Though the conflict of interest should be noted: http://www.grandich.com/comp/