Altius Minerals Corp T.ALS

Alternate Symbol(s): ATUSF

Metals & Mining Copper

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 carinthianon Nov 17, 2014 9:42am

285 Views

Post# 23135359

RE:OR.to to buy VGQ.to

Hopefully this will not impact the exploration alliance they have with ALS.

Anyway it is good news as this should boost the worth of the shares by around 10mio. And the question to sell now or not is an interesting one but I personally think they will not sell as this is participation in a similar business model and offers very nice leverage when precious metal prices recover (which they hopefully will) and offer nice diversification as Altius itself has no producing PM asset yet so...

I think they will use the proceeds from Alderon to reduce their debt when the time is right maybe 24-36month out from now as 4$/share would be enough to pay down debt in full terms.

The dividend for something like 2,4mio shares in the merged company should bring around 300k a year of dividends into the pockets which is nice. Not great but nice for paying some g&a.

Just my personal thoughts. DYODD
carinthian

Bullboard Posts

The top 10 Canadian medical stocks