Casey predicts an ALS double from hereCasey says let me count the ways to love Altius
2005-10-20 19:47 ET - In the News
Douglas Casey, writing in the Oct. 1, 2005, issue of his International Speculator, refreshes his buy of Altius Minerals Corp. at $3.50. Mr. Casey said buy four times between September, 2001, and April, 2005, at prices from 51 cents to $3.65. An investment of $1,000 each time would be worth $10,511 today. The outspoken letter writer, whose favourite pastime is arguing religion and politics -- often in the same commentary -- once again boosts his favourite feel-good project generator. The problem is the rest of the investing world has confined Altius to a $3.25-$4 trading range. That trend may soon be broken to the upside, he assures. First, Altius's revenue share from the Voisey's Bay mine in Labrador is, at long last, about to kick in. Second is the red-hot uranium sector. In Labrador, Altius and partner Fronteer Development Group Inc. have identified eight target areas on their land package. Rock samples assayed up to 13.33 per cent uranium oxide. Third is the potential upside from the Rambler copper-gold project in Newfoundland. Mr. Casey concludes that Altius "still holds the potential for yet another double over the next 12 months and so remains a strong buy at anything under $3.75."