MrB Posted November 15, 2011 Share Posted November 15, 2011 40m shares, $28m spent on exploration and royalties on top of that? Looks to me like FER is in heat! ;D Link to comment Share on other sites More sharing options...
netnet Posted November 16, 2011 Share Posted November 16, 2011 Dazel, thanks for the update. What's the opposite of a "black swan" i.e. an unexpected good outcome? It's still a black swan, just one on the upside! Link to comment Share on other sites More sharing options...
Guest Dazel Posted November 17, 2011 Share Posted November 17, 2011 http://www.mbironoreindex.com/com/ Iron ore prices are coming back as quickly as they fell.....this bodes very well for altius. Now almost 150 from 115....remember that alderon's number is 118 for their projections. Dazel. Link to comment Share on other sites More sharing options...
Liberty Posted November 17, 2011 Share Posted November 17, 2011 Good to hear. I'm expecting more volatility for a while, but good to see that it can go back up that quickly. Link to comment Share on other sites More sharing options...
Guest Dazel Posted November 18, 2011 Share Posted November 18, 2011 We are enjoying watching the share count go down daily....the longer we are down at these levels the better for the long term investor. It's very nice to have altius sitting on a boat load of cash in this environment...as they have many accretive options. Dazel. Link to comment Share on other sites More sharing options...
Liberty Posted November 18, 2011 Share Posted November 18, 2011 Good point. I hadn't checked canadianinsider.com in a while, but I see that they've been buying between 3k-8k shares/day lately. Very nice. Now if only they could release the annual report, I'd have zero complaints. Link to comment Share on other sites More sharing options...
MrB Posted November 22, 2011 Share Posted November 22, 2011 Century Iron Mines Corporation And Altius Minerals Corporation Announces Completion Of Acquisition By Century Of Altius Labrador Iron Ore Properties Century Iron Mines Corporation and Altius Minerals Corporation announced that their previously announced transaction to acquire four regional iron ore projects in the Labrador Trough has been completed. Century and Altius have entered into a principal agreement pursuant to which Century has agreed to acquire the right, title and 100% interest in and to four groups of early-stage iron ore properties located in the Labrador Trough region of western Labrador held by Altius. These are the Astray, Grenville, Menihek and Schefferville properties (Projects). The consideration for the acquisition of the Projects was more fully disclosed in the Century News Release dated November 10, 2011. As part of the Closing of the transaction, Century and Altius have entered into a royalty agreement pursuant to which Century has granted and will pay to Altius a 1% to 4% sliding scale gross sales royalty in respect of iron ore produced from the Projects on terms and conditions as set out in the Royalty Agreement. The Company has also agreed to incur aggregate exploration expenditures on the Projects in a minimum amount of $28,000,000 and make certain share payments to Altius over a five-year period following the Closing Date contingent on the achievement of NI-43-101 resource definition milestones as previously disclosed. Link to comment Share on other sites More sharing options...
Liberty Posted November 22, 2011 Share Posted November 22, 2011 http://www.alderonironore.com/_resources/news/2011-11-22-NewsRelease.pdf Alderon Resource Upgrade Program Continues On Course Alderon Iron Ore Corp. (TSX:ADV) (OTCQX: ALDFF) ("Alderon") is pleased to announce additional assay results from the ongoing drill program on the 100% owned Kamistiatusset ("Kami") Iron Ore Project in western Labrador. These results are from the Rose Central Zone and are all within the currently defined National Instrument ("NI") 43-101 resource estimate. They will be used to upgrade the resource from the indicated and inferred to the measured and indicated categories in preparation for the Feasibility Study. Link to comment Share on other sites More sharing options...
beerbaron Posted November 22, 2011 Share Posted November 22, 2011 Is that me or the concentration on the new drilling holes is lower then their inferred resourced estimates? BeerBaron Link to comment Share on other sites More sharing options...
Liberty Posted November 22, 2011 Share Posted November 22, 2011 Is that me or the concentration on the new drilling holes is lower then their inferred resourced estimates? BeerBaron It is, but it was my impression that maybe these were not drilled in the most promising areas (which are those that were drilled first and used for the official estimates), but rather that they are 'bonus'. I could be wrong about that, though. Link to comment Share on other sites More sharing options...
Liberty Posted November 30, 2011 Share Posted November 30, 2011 http://www.marketwatch.com/story/altius-tsx-als-provides-update-of-labrador-west-iron-ore-option-agreement-with-rio-tinto-exploration-canada-2011-11-30?reflink=MW_news_stmp ST. JOHN'S, NEWFOUNDLAND AND LABRADOR, Nov 30, 2011 (MARKETWIRE via COMTEX) -- Altius Minerals Corporation ("Altius") is pleased to report on exploration activities for its earn-in Option Agreement with Rio Tinto Exploration Canada ("Rio Tinto") in western Labrador, Canada. Under this agreement Rio Tinto may earn up to a 70% interest in 15 map-staked mineral licenses comprising 586 claims covering 14,650 hectares in western Labrador. The optioned licenses have been divided into six different prospects as follows: Bruce Lake, Goethite Bay, Carol Lake, Campground, Huguette Lake and Green Water Lake. During the 2011 field season, Rio Tinto completed a total of 2633 metres of drilling on the Goethite Bay prospect. The Geothite Bay prospect is located approximately 17 km north east of Iron Ore Company of Canada's Carol Lake operation and 6 km north of the Julienne Lake deposit. Rio Tinto has reported to Altius that drill hole 11LB0027 intersected 279 m @ 29.8% Fe, including 157 m @ 31.9% Fe and 90 m @ 31.9% Fe. Additional drill results are pending. Altius has received formal notice from Rio Tinto that it has met its first option earn-in obligations on Altius' Labrador West project north of Labrador City by incurring $3 million in exploration expenditures and has therefore earned a 51% interest in the properties. Rio Tinto has a second option to earn an additional 19% property interest by spending an additional $4M by December 2013. In addition to its project interest, Altius retains a 3% gross overriding royalty, 1% of which may be purchased by Rio Tinto for $10 million within the 10th anniversary of the agreement. Link to comment Share on other sites More sharing options...
Liberty Posted November 30, 2011 Share Posted November 30, 2011 Via SH board, Alderon Helicopter crash: http://www.cbc.ca/labradormorning/episodes/2011/11/29/labrador-west-helicopter-crash---update-from-alderon/ Thankfully, only minor injuries for the people on board, apparently. Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 2, 2011 Share Posted December 2, 2011 For Those waiting for an annual report....there is not one coming....fine details are on sedar which is where I do my due diligence...the annual bulletin serves as their annual...the new "information age" they say...I like that saves money! I have been quiet here for awhile...we love what management is doing...and we are happy to just sit here and watch their shares get cancelled day by day...the market will figure this one out..but hopefully after they retire a ton of shares! Dazel Link to comment Share on other sites More sharing options...
Liberty Posted December 2, 2011 Share Posted December 2, 2011 For Those waiting for an annual report....there is not one coming....fine details are on sedar which is where I do my due diligence...the annual bulletin serves as their annual...the new "information age" they say...I like that saves money! SEDAR is such a crappy site, I had to do print to PDF to save it.. Too bad about the report -- I like how it saves money, but I also thought they had some of the nicest-looking reports around.. I have been quiet here for awhile...we love what management is doing...and we are happy to just sit here and watch their shares get cancelled day by day...the market will figure this one out..but hopefully after they retire a ton of shares! If I might ask, are you still accumulating or do you have all that you want? If not, you once said you might reveal your average cost once you were doing buying :) I'm still curious. Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 5, 2011 Share Posted December 5, 2011 I will take the 5th..... The longer we are here or lower the better for us....and altius longer term. Sshhhhhh. Dazel. Link to comment Share on other sites More sharing options...
Liberty Posted December 5, 2011 Share Posted December 5, 2011 Fair enough, no pressure :) Link to comment Share on other sites More sharing options...
Liberty Posted December 14, 2011 Share Posted December 14, 2011 http://www.altiusminerals.com/files/PR%2011-13-Financials.pdf St. John's - Altius Minerals Corporation ("Altius") reported a net loss attributable to common shareholders of $2,868,000 or $0.10 per share for the three months ended October 31, 2011 compared to net earnings of $2,138,000 for the same period last year. The current year's loss includes the Corporation's share of losses in Alderon Iron Ore Corporation ("Alderon") of $1,790,000 and mineral property write-downs totaling $1,055,000. Offsetting these amounts was an increase in royalty revenue to $723,000 compared to $648,000 in the previous year. Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 14, 2011 Share Posted December 14, 2011 The report offers no surprises.....we took a couple of very positive pieces from the report... Most importantly they are seeing "opportunity" in royalty financing and other deals in the market place....this is the first time we have seen them say this since 2008.... While we feel good holding a huge cash position and buying back shares....however, we see the opportunity for greatness in altius in their management...we would like to see them take advantage of the carnage in the sector and use their expertise and their position to get great deals in the companies that need to raise capital or in strategic acquisitions for sales of parts are all of assets. We think that they are capable of making Leucadia like invesments during times of distress (which we are in now)...so we are looking forward to hearing about this over the next little while. The international royalty deal was an excellent example of what they are likely to do. They also sound very excited about their other iron ore projects...as it sounds like we should see some more deals coming. A quiet but major event will happen on December 19th....the vote on whether to lift the moratorium on uranium mining in the central belt of Labrador....this would be extremely positive for altius as paladin could move ahead with their project and the altius 2% royalty...would kick in. For those watching...cameco and rio tinto had a Bidding war for hathor uranium...altius has other projects and potential projects in the region. Dazel. Link to comment Share on other sites More sharing options...
Liberty Posted December 14, 2011 Share Posted December 14, 2011 Thanks for sharing your thoughts, Dazel. Most importantly they are seeing "opportunity" in royalty financing and other deals in the market place....this is the first time we have seen them say this since 2008.... I'm curious where you saw them say this. I probably missed it.. I know that a few months ago someone from Altius said something like that about having the chance to deploy capital if there was a "bloodbath", but I'm curious to know if they've said it again recently. Edit: nevermind, I'll answer my own question: The value of the Corporation’s shares in junior exploration and early stage companies declined during the quarter in tandem with broader market declines for early stage resource companies. However, the weaker market conditions have resulted in the Corporation seeing increased opportunity to provide royalty financing as an alternative to equity and debt financing for development stage projects. The Corporation is currently evaluating several royalty financing/investment opportunities in hopes of identifying royalty investments that meet its objectives in terms of value and underlying asset quality. Considering the Corporation’s strong balance sheet, with over $175 million in cash available, it is well positioned to take advantage of such opportunities Link to comment Share on other sites More sharing options...
MrB Posted December 14, 2011 Share Posted December 14, 2011 I don't think I've seen this before. Page 20 of the interims. "A subsidiary of the Corporation, 2260761 Ontario Incorporated, holds a 22.8% interest in Sparkfly Inc., a private Georgia corporation that operates an innovative promotions & rewards platform integrated with retail point of sale systems." Either the auditors mixed up information from another company with Altius' or this is exciting news! Management is now going to use its considerable expertise in mining and exploration and apply it to the coupon business!!.......In Georgia!!!? Furthermore, Note 8 has $3.1m for additions to investments in associates, which I assume is for Sparkfly. Note 11. 19% jump in G&A for 6months YoY and 26% 3months YoY. Note 16. 26% jump in key management and directors compensation for 6months YoY and 18% 3months YoY. Note 17. Royalty and investment income $723k for 3 months, so roughly $2.8 annualized. Does this include Voisey Bay? Further on in note 17. Corporate costs 41% higher compared to 1 year ago. Link to comment Share on other sites More sharing options...
Liberty Posted December 14, 2011 Share Posted December 14, 2011 A quiet but major event will happen on December 19th....the vote on whether to lift the moratorium on uranium mining in the central belt of Labrador....this would be extremely positive for altius as paladin could move ahead with their project and the altius 2% royalty...would kick in. http://www.cbc.ca/news/canada/newfoundland-labrador/story/2011/12/14/nl-uranium-ban-lifted-1214.html Looks like we might not have to wait until the 19th... Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 14, 2011 Share Posted December 14, 2011 Mr.B, The Ontario Inc. Is run by Paul Van Eden's Cranberry capital....i will check on the $3m add...I would rather they did deals themselves...as well! I will look at the large % increase in admin costs....I wonder whether it is effected by the partnership activity that has taken place as of late. As you know, they get reimbursed by their partners for work they complete. Dazel. Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 14, 2011 Share Posted December 14, 2011 Mr.B, The royalty income from voisey bay is lumpy....so he $4m number is an averaged out number over the year.... I will share some work we are doing on other royalty companies and what they trade for...if nothing else the exercise has helped us realize how "valuable" these royalties are especially in the low interest rate and high risk environment we are in. The fact that Royal gold gets a 50 pe on their royalties including their largest royalty "Voisey Bay" has intrigued us. Yield with the lowest risk will be king over the next number of years. The royalties are a perfect income stream because they balance both inflation and deflation. The inflation hedge is obvious but the deflation hedge is missed. The costs associated with operations drop in a deflationary environment...so their is a balance in costs of production vs realized price....the royalty company does well in both...the opportunity that altius took advantage of in irc was that when deflation hit in 2009....voisey bay was on strike...so irc looked terrible in a terrible environment. Altius did well in selling irc to royal gold but in hind sight they should have kept the asset and bought more of it. They would be getting the multiple that royalties trade at instead of the 0 multiple they are getting from their share of the voisey bay and the fact they are a good investor. They are losing on both fronts now as far as multiples on assets. We plan on being around when they get the proper multiple....but we really want the cash they have being used in purchasing these types of assets. We need an environment like this to get decent prices...cash is king now but it won't be for long as we know. We expect management to be hunting hard to use this cash...we are hoping for the transition to a pure royalty company over the next 3 to 4 years to expand multiples by a factor of 20 to 50 and make us all rich! Dazel. Link to comment Share on other sites More sharing options...
MrB Posted December 14, 2011 Share Posted December 14, 2011 Thanks Dazel. So just to confirm; Note 17 Royalty and investment income includes V Bay? Link to comment Share on other sites More sharing options...
Guest Dazel Posted December 14, 2011 Share Posted December 14, 2011 Mr.B, Correct $723k is Voisey Bay royalty in note 17 It is also in the income statement under royalty income. For the 6 months it is $1.812m and the quarter before that it was $1.1m...so about $3m over the last 3 quarters. Dazel. Link to comment Share on other sites More sharing options...
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