RE:Altius is a nobrainer here. almost certain 100%+ in 2014Teatimenow.............Thanks for your take. Couldn't look at C:\USERS\MARTIN\DESKTOP ETC ETC.
Would like to see whatever is there.
Having said that, The following data is dated, but not by much. Without distinction whether a royalty company is just gold silver, base metal etc, the following companies: Franco Nevada, Royal Gold, Sandstorm, Silver Wheaton, companies of that ilk have an average sp of mkt cp / Royalties of 12 - 14x. Currently Altius has the one Voisey Bay royalty of 6 million per year plus cash for a book value of about 9,36 (yahoo). When Altius raises its royalty income to 40 million, we could see the stock go to 19 or 20. Hopefully, the market will see that value in 2014 and bid up the price. Now if it pays higher proportions of royalty dividends to income, then the SPrice should be proportionately higher.
So, I agree, in 2014 we could see Altius's share price double, and I agree, in 2 or 3 years we could see 50 + if their business model executes as planned and the market recognizes Altius's value.
We live in a crazy market environment.