Altius Minerals Corp T.ALS

Alternate Symbol(s): ATUSF

Metals & Mining Industrial Metals & Minerals

Altius Minerals Corporation is a mineral royalty, renewable energy royalty and mineral project generation company. The Company holds royalty interests in approximately 12 operating mines located across Canada and Brazil that produces copper, zinc, nickel, cobalt, potash, iron ore and thermal (electrical) coal. Its segments include Mineral Royalties, Project Generation and Renewable Royalties. Its Mineral Royalties segment consists of the acquisition and management of producing and development stage royalty and streaming interests. Its Project Generation segment consists of acquisition and early-stage exploration of mineral resource properties with a goal of vending the properties to third parties in exchange for early-stage royalties and minority equity or project interests. Its Renewable Royalties segments consists of majority interest holding in Altius Renewable Royalties Corp (ARR), which is focused on the acquisition and management of renewable energy investments and royalties.

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Altius Minerals Corp

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Post by carinthianon Mar 19, 2014 4:26pm

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Post# 22343007

Quarterly report and latest presentation

This reads really nice.

For me what I read in ther latest presentation sounds like the want to avoid or at least reduce the convertible debt component to a minimum.

120mio cash
40mio from VGQ and CAA
80mio senior debt @ 6%
5mio subordinated or minor sale in Alderon

Personally I would prefer them to keep their share in Alderon and in their investment company with Paul van Eeden as I assume this to generate a higher return than saving the interest payment on the subordinated debt...

Saying they do generate 30mio let's deduct 6mio for interest payments leaving 24 for G&A, repayment of debt, exploration, acquiring new royalties and projects, buying back shares and of course (which I would not want that fast) paying a dividend.

And the joker is Alderon/Kami, I am not deep in their economics but if they really can get this going in 2016 and the company just reaches the value of about a third of the NPV in the FS this should be another 200-250mio of cash to deploy for Altius not to speak about the royalty.

Just my personal thoughts. DYODD
carinthian

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