Altius Minerals Corp T.ALS

Alternate Symbol(s): ATUSF

Metals & Mining Industrial Metals & Minerals

Altius Minerals Corporation is focused on growing its royalty business through prospect generation and the creation and acquisition of royalties. It diversified mineral royalties from 11 operating mines located in Canada (nine) and Brazil (two) that produce copper, nickel, cobalt, lithium, potash and iron ore. Its segments include Mineral Royalties, Project Generation and Renewable Royalties. The Mineral Royalties consist of the acquisition and management of producing and development stage royalty and streaming interests. The Project Generation segment is engaged in 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. The Renewable Royalties segment includes a majority interest holding in publicly traded Altius Renewable Royalties Corp., 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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Comment by jjstoon Apr 12, 2011 12:32pm

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Post# 18419529

RE: Dalton in China

Greenandgold--

The berkshire fairfax message board also mentions in the email from Dalton that Altius values the Voisey Bay Royalty (using the same metrics as IRC stake) at around $200m. If it is expected to produce only $6-7m this year at current nickel prices, where is the rest of the value coming from? Is Voisey Bay expected to ramp up production in Nickel (or something else) at the site? From my understanding, the VB Royalty includes all minerals extracted from the site and not just nickel. However, I am having a hard time finding any resource estimates for the property or production estimates. Do you know where that information might be located?

Also, I can see how Altius is valuing the Alderon Royalty because I get pretty similar numbers when I discount the cash flow back using relatively conservative assumptions. This, of course, depends on Alderon going into production by 2015. Can you think of reason other than an iron-ore price collapse and/or another severe economic downturn that would delay or stop Alderon from continued development?

Thanks in advance for any response...

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