Millrock updateI love what's happening with Altius' deal with Millrock. In exchange for Altius investing in Millrock (at 22 cents and 30 cents) Millrock would explore, joint venture and leave Altius with new 2% NSRs on a bunch of Alaska gold properties. Now that Millrock's stock price is up to 85 cents, Altius has nearly tripled its original investment traches (and holds 3.4 million warrants to buy Millrock at 45 cents). Millrock created the following NSR's for Altius:
2% NSR on the Cristo property where Brixton Metals is funding exploration.
2% NSR on part of the Humble property where Kinross is funding exploration.
Cristo seems to Brixton's main property so it should get plenty of attention. And Kinross is obviously a very experienced and successful company so that's a good sign. Both of these properties are in the same terrain where the monstrous Pebble deposit (55 billion pounds of copper, 67 million ounces of gold) was discovered.
These are two free lottery tickets paid for by a modest equity investment that has already tripled. Brilliant.