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.

TSX:ALS - Post by User

Altius Minerals Corp

Bullboard Posts

Comment by unlimited_awon Nov 11, 2014 10:20am

305 Views

Post# 23116830

RE:RE:RE:RE:RE:RE:Enterprise value below

I do not agree b.a.. The problem for the upcoming reports might at first sight be the impairment on investments in associates. Alderon alone is already a stunning $30 million loss compared to last quarter. But you might also consider that this is already priced in. Altius share price itself dropped from $14.7 to $10.5 in the same period, which equals a loss of market value of 134 million. Besides, most investors look at free cash flows and the write-off of the investments in associates does not wipe out any of the generated free cash flow at all.

My DCF calculations, using a 8% discount, gives a fair market value of the royalty portfolio of $490 million (and $405 million at 10%). Both substantial higher than the market value of Altius.

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?