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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Post by Greenandgold.on Oct 24, 2011 3:58pm

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Post# 19176927

Royalties Not Cheap

After seeing the prices of recent base metals royalty acquisitions, I understand why Altius hasn't been able to pull the trigger on buying a royalty. Check out their competitors recently:
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1) Anglo-Pacific Group paid $30 million for a 1% royalty on a prospective iron ore mine in freaking Greenland. What are the odds this ever becomes a mine?
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2) Franco-Nevada paid $66 million for Lumina Royalty Corp. Some good royalties, but pretty far from production.
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Not cheap. If the 1% Greenland iron ore royalty is worth $30 million, then the 3% Alderon royalty must be worth over $100 million, right? Especially considering how much easier it is to build a mine in the Lab Trough versus Greenland.

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