AltiusMinerals Corp

ALS-T

Analysis and Opinions about ALS-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 16, 2019
An excellently managed royalty with diversified metals -- mostly base metals, coal and potash along with gold. It is down about 16% since August as it was impacted by lower copper prices and some reductions in production. They carry about $95 million in debt, costing about $2 million per quarter. There may be some short term financing risk.
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An excellently managed royalty with diversified metals -- mostly base metals, coal and potash along with gold. It is down about 16% since August as it was impacted by lower copper prices and some reductions in production. They carry about $95 million in debt, costing about $2 million per quarter. There may be some short term financing risk.
PAST TOP PICK
PAST TOP PICK
March 5, 2019
(A Top Pick Mar 05/18, Down 1%) Superb company. A cornerstone of his junior portfolio. Great free cash flow. Well financed.
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(A Top Pick Mar 05/18, Down 1%) Superb company. A cornerstone of his junior portfolio. Great free cash flow. Well financed.
BUY
BUY
December 20, 2018
A big holding for him. Management has histoorically found big mining projects and done great job adding value by selling them or harvesting the cash flow. With the China-US trade war, base metals are out of favour, though. But he still sees value in base metals and commodities, so ALS is a reasonable buy here.
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AltiusMinerals Corp (ALS-T)
December 20, 2018
A big holding for him. Management has histoorically found big mining projects and done great job adding value by selling them or harvesting the cash flow. With the China-US trade war, base metals are out of favour, though. But he still sees value in base metals and commodities, so ALS is a reasonable buy here.
PAST TOP PICK
PAST TOP PICK
March 5, 2018

(A Top Pick March 2/17, Up 8.5%) A high-quality Canadian company. A brilliant team that's generated substantial free cash.

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(A Top Pick March 2/17, Up 8.5%) A high-quality Canadian company. A brilliant team that's generated substantial free cash.

TOP PICK
TOP PICK
March 5, 2018

Superb team. He's a founding shareholder. Generates $45 million a year in EBIT. Has great royalty income. Their allocation of capital sets them apart from other mining companies. Active in Canada and worldwide in many commodities. (Analysts’ price target is $16.42)

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Superb team. He's a founding shareholder. Generates $45 million a year in EBIT. Has great royalty income. Their allocation of capital sets them apart from other mining companies. Active in Canada and worldwide in many commodities. (Analysts’ price target is $16.42)

TOP PICK
TOP PICK
January 18, 2018

Brian Dalton runs this and has had a remarkable long-term success and patience with the company, which is in diversified base metals. His royalties in the 1st year, which was only $3 million, is now $60 million. Dividend yield of 1.1%. (Analysts' price target is $16.)

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Brian Dalton runs this and has had a remarkable long-term success and patience with the company, which is in diversified base metals. His royalties in the 1st year, which was only $3 million, is now $60 million. Dividend yield of 1.1%. (Analysts' price target is $16.)

COMMENT
COMMENT
November 9, 2017

Continues to be very Long and a very strong holder. World-class Canadian allocators of capital and world-class land spread. Perfect practitioners of the joint venture business model, and great merchant bankers in the mining business. An absolute “must own” in a junior portfolio. The knocks against the company will be that they have a lot of coal revenues, as well as their leverage to potash.

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Continues to be very Long and a very strong holder. World-class Canadian allocators of capital and world-class land spread. Perfect practitioners of the joint venture business model, and great merchant bankers in the mining business. An absolute “must own” in a junior portfolio. The knocks against the company will be that they have a lot of coal revenues, as well as their leverage to potash.

PAST TOP PICK
PAST TOP PICK
July 31, 2017

(Top Pick Sep 28/16, Up 10.06%) It is a core holding in any junior resource portfolio. It is an extremely well run company. It is a first quality company with first quality deposit.

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(Top Pick Sep 28/16, Up 10.06%) It is a core holding in any junior resource portfolio. It is an extremely well run company. It is a first quality company with first quality deposit.

TOP PICK
TOP PICK
March 2, 2017

The market is a little ahead of itself and this one has been ignored. They are high quality allocators of capital. It is a very high quality name. Management is seasoned. FFH-T is making a large investment in them. (Analysts’ target: $15.00).

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The market is a little ahead of itself and this one has been ignored. They are high quality allocators of capital. It is a very high quality name. Management is seasoned. FFH-T is making a large investment in them. (Analysts’ target: $15.00).

PAST TOP PICK
PAST TOP PICK
November 11, 2016

(A Top Pick Nov12/15. Up 1.3%.) Very diversified. They bought the old CPR mineral royalty estate, so are active across Canada. Management is an extremely good allocator of cash, and technically very astute.

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AltiusMinerals Corp (ALS-T)
November 11, 2016

(A Top Pick Nov12/15. Up 1.3%.) Very diversified. They bought the old CPR mineral royalty estate, so are active across Canada. Management is an extremely good allocator of cash, and technically very astute.

TOP PICK
TOP PICK
September 28, 2016

Very high quality people. Brian Dalton is one of the best young allocators of capital in Canada. Has built very large money from turning mineral properties to account. He has a very large royalty portfolio in the company. Lots of free cash flow and lots of working capital. Dividend yield of 1.16%.

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AltiusMinerals Corp (ALS-T)
September 28, 2016

Very high quality people. Brian Dalton is one of the best young allocators of capital in Canada. Has built very large money from turning mineral properties to account. He has a very large royalty portfolio in the company. Lots of free cash flow and lots of working capital. Dividend yield of 1.16%.

TOP PICK
TOP PICK
November 12, 2015

(A Top Pick Aug 7/14. Down 18.48%.) This has been a tremendous Canadian success story. Has a big royalty package in the US including the Voisey Bay Royalty. The type of stock that people who can afford the risk of being in the junior market have to own. Wonderful balance sheet, and wonderful free cash flow, and a manager who has spent his whole career in one company, this one that he founded. He is a fantastic steward of capital. Good price. Dividend yield of 1.04%.

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AltiusMinerals Corp (ALS-T)
November 12, 2015

(A Top Pick Aug 7/14. Down 18.48%.) This has been a tremendous Canadian success story. Has a big royalty package in the US including the Voisey Bay Royalty. The type of stock that people who can afford the risk of being in the junior market have to own. Wonderful balance sheet, and wonderful free cash flow, and a manager who has spent his whole career in one company, this one that he founded. He is a fantastic steward of capital. Good price. Dividend yield of 1.04%.

PAST TOP PICK
PAST TOP PICK
August 12, 2015

(Top Pick Aug. 7/14, Down 3.37%) Extremely well run company. He supports the balance sheet. They have coal, potash and more in terms of a royalty inventory in Canada.

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(Top Pick Aug. 7/14, Down 3.37%) Extremely well run company. He supports the balance sheet. They have coal, potash and more in terms of a royalty inventory in Canada.

WATCH
WATCH
October 23, 2014

They have the nickel royalty for Voisey Bay. The nickel market is so messed up with Indonesia banning exports. You might be able to get the stock relatively inexpensively soon.

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They have the nickel royalty for Voisey Bay. The nickel market is so messed up with Indonesia banning exports. You might be able to get the stock relatively inexpensively soon.

TOP PICK
TOP PICK
August 7, 2014

This is the unknown royalty company. They bought the royalty package from Sherrit, that was the old CP royalty package. He knows those assets extremely well. Feels this is the best collection of brainpower, cash and royalty cash flow relative to market cap available on the planet.

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This is the unknown royalty company. They bought the royalty package from Sherrit, that was the old CP royalty package. He knows those assets extremely well. Feels this is the best collection of brainpower, cash and royalty cash flow relative to market cap available on the planet.

PAST TOP PICK
PAST TOP PICK
March 5, 2013

(A Top Pick March 6/12. Down 4.52%.) A fantastic company. Management has done a spectacular job. About $180 million in the kitty. Extremely conservative financially.

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(A Top Pick March 6/12. Down 4.52%.) A fantastic company. Management has done a spectacular job. About $180 million in the kitty. Extremely conservative financially.

TOP PICK
TOP PICK
May 2, 2012
Is about as safe as it gets in the mineral business. $200 Million in cash. $96 million in shares in a company. They have multiple revenue streams.
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Is about as safe as it gets in the mineral business. $200 Million in cash. $96 million in shares in a company. They have multiple revenue streams.
TOP PICK
TOP PICK
March 6, 2012
Very astute management and have literally made hundreds of millions of dollars for the shareholders.
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Very astute management and have literally made hundreds of millions of dollars for the shareholders.
TOP PICK
TOP PICK
March 11, 2010
Have been able to generate a compound annual return over 10 years better than 30%. Have done this using a joint venture model. NAV of about $9. There is hurry in buying. Take your time.
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Have been able to generate a compound annual return over 10 years better than 30%. Have done this using a joint venture model. NAV of about $9. There is hurry in buying. Take your time.
TOP PICK
TOP PICK
March 10, 2010
(A Top Pick March 3/09. Up 37%.) Have about $200 million in cash and securities. Extraordinarily well run. Have a small piece of the Voisey Bay royalty and merchant banking operations that have given them spectacular gains.
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(A Top Pick March 3/09. Up 37%.) Have about $200 million in cash and securities. Extraordinarily well run. Have a small piece of the Voisey Bay royalty and merchant banking operations that have given them spectacular gains.
PAST TOP PICK
PAST TOP PICK
September 1, 2009
(A Top Pick March 3/09. Down 7.66%.) $185 million in cash. Still a Buy.
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AltiusMinerals Corp (ALS-T)
September 1, 2009
(A Top Pick March 3/09. Down 7.66%.) $185 million in cash. Still a Buy.
PAST TOP PICK
PAST TOP PICK
March 18, 2009
(A Top Pick Apr 2/08. Down 53.4%.) Said to start selling at $13 and completely get out at $12. He got out below $12. Now has good consolidation and is forming a “cup and handle” base. If it breaks above $6.80 it could go to $9-$10. If it goes below $5.50, Exit.
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(A Top Pick Apr 2/08. Down 53.4%.) Said to start selling at $13 and completely get out at $12. He got out below $12. Now has good consolidation and is forming a “cup and handle” base. If it breaks above $6.80 it could go to $9-$10. If it goes below $5.50, Exit.
TOP PICK
TOP PICK
March 3, 2009
(Not allowed to have Top Picks so these are his “Top Canadian Holdings ” and he is disclosing conflicts of interest.) Good management. Have $185 million in cash, which came from income, not the financial market.
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(Not allowed to have Top Picks so these are his “Top Canadian Holdings ” and he is disclosing conflicts of interest.) Good management. Have $185 million in cash, which came from income, not the financial market.
DON'T BUY
DON'T BUY
September 23, 2008
Trying to pull off a very large refinery project in Come by Chance. Relatively small cap and were trying to put together approvals. Ran into some serious difficulties on the studies and financing. Some legal action resulted. In this kind of the market, it got slaughtered.
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AltiusMinerals Corp (ALS-T)
September 23, 2008
Trying to pull off a very large refinery project in Come by Chance. Relatively small cap and were trying to put together approvals. Ran into some serious difficulties on the studies and financing. Some legal action resulted. In this kind of the market, it got slaughtered.
COMMENT
COMMENT
July 8, 2008
They have a problem with the tightening of credit and have been told by the courts to get their financing in order. Won’t be an easy ride.
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They have a problem with the tightening of credit and have been told by the courts to get their financing in order. Won’t be an easy ride.
WATCH
WATCH
June 24, 2008
SNC-Lavalin (SNC-T) sued a subsidiary for $20 million, which would have bankrupted it. Subsidiary got a stay and the stock went up. Trying to restructure to get the operation back on the road.
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SNC-Lavalin (SNC-T) sued a subsidiary for $20 million, which would have bankrupted it. Subsidiary got a stay and the stock went up. Trying to restructure to get the operation back on the road.
COMMENT
COMMENT
May 27, 2008
Intend to build a refinery and the construction costs are extremely high. Very well managed company. Long-term, the company will do really well. Short-term, investors are going away from small caps that do not have earnings.
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Intend to build a refinery and the construction costs are extremely high. Very well managed company. Long-term, the company will do really well. Short-term, investors are going away from small caps that do not have earnings.
DON'T BUY
DON'T BUY
April 23, 2008
A holding company for investments on the Come by Chance refinery. Also have a significant investment in Aurora Energy (AXU-T), which has had a moratorium by the Inuit's on it.
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A holding company for investments on the Come by Chance refinery. Also have a significant investment in Aurora Energy (AXU-T), which has had a moratorium by the Inuit's on it.
TOP PICK
TOP PICK
April 16, 2008
Planning on building a refinery in Placentia's Bay in Newfoundland. There hasn't been a new refinery built in North America in more than 30 years. Existing refineries cannot cope with the amount of heavy, sour crude, which means their output of gasoline and diesel is falling. This refinery will be the most advanced in the world and approximately the 8th largest. Specifically designed to refine heavy, sour crude.
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Planning on building a refinery in Placentia's Bay in Newfoundland. There hasn't been a new refinery built in North America in more than 30 years. Existing refineries cannot cope with the amount of heavy, sour crude, which means their output of gasoline and diesel is falling. This refinery will be the most advanced in the world and approximately the 8th largest. Specifically designed to refine heavy, sour crude.
TOP PICK
TOP PICK
April 2, 2008
Have a really good story. Diversified. The drop on March 17 was about 9% but at its base, there was a lot of buying. There are value players waiting for the stock to drop and then they pile in. If you own, start selling at $13 and completely out at $12.
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Have a really good story. Diversified. The drop on March 17 was about 9% but at its base, there was a lot of buying. There are value players waiting for the stock to drop and then they pile in. If you own, start selling at $13 and completely out at $12.
BUY
BUY
February 21, 2008
Setting up a refinery, which will be the first in North America in 30 years. The value is much higher than the current market price. Doing more exploratory work into metals in Labrador.
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AltiusMinerals Corp (ALS-T)
February 21, 2008
Setting up a refinery, which will be the first in North America in 30 years. The value is much higher than the current market price. Doing more exploratory work into metals in Labrador.
HOLD
HOLD
February 5, 2008
If there is a decline in crude prices, expect refining margins to come down too. This is the reason for the drop but it is a much-needed commodity. Not sure if they can finance the refinery but holding for the long-term. Superb management team. If it falls another 50%, he will add to his position.
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If there is a decline in crude prices, expect refining margins to come down too. This is the reason for the drop but it is a much-needed commodity. Not sure if they can finance the refinery but holding for the long-term. Superb management team. If it falls another 50%, he will add to his position.
BUY
BUY
November 27, 2007
Refinery has been approved and will get built. Will be a 300,000-barrel a day producer. No refinery has been built in North America in 30 years. They also have some exploration plays.
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AltiusMinerals Corp (ALS-T)
November 27, 2007
Refinery has been approved and will get built. Will be a 300,000-barrel a day producer. No refinery has been built in North America in 30 years. They also have some exploration plays.
COMMENT
COMMENT
September 7, 2007
Transitioned from mining exploration to refining. Not sure if this is a good entry point or not. If they get all their approvals, it will be worth a lot more.
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AltiusMinerals Corp (ALS-T)
September 7, 2007
Transitioned from mining exploration to refining. Not sure if this is a good entry point or not. If they get all their approvals, it will be worth a lot more.
TOP PICK
TOP PICK
August 31, 2007
Developing a refinery in Newfoundland of which they owned 37.5%. Feasibility study has been completed. Waiting for environmental permits, expected in October. It will be the 8th largest and most advanced refinery globally. High risk/high reward.
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Developing a refinery in Newfoundland of which they owned 37.5%. Feasibility study has been completed. Waiting for environmental permits, expected in October. It will be the 8th largest and most advanced refinery globally. High risk/high reward.
BUY
BUY
August 20, 2007
Has come back down to support level. A thin trader so you have to be careful. There is a lot of support at $14 but anything below that he would get rid of it.
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Has come back down to support level. A thin trader so you have to be careful. There is a lot of support at $14 but anything below that he would get rid of it.
DON'T BUY
DON'T BUY
August 7, 2007
37% interest in Newfoundland/Labrador Refining, which currently has an application in to build a refinery. Approval is far from complete and will cost billions of $s and take many years to build. Good management.
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37% interest in Newfoundland/Labrador Refining, which currently has an application in to build a refinery. Approval is far from complete and will cost billions of $s and take many years to build. Good management.
BUY
BUY
August 3, 2007
There are 2 things here. A major holder of Aurora Energy (AXU-T) with their Labrador play. They are also moving cash into building a refinery in Newfoundland. The latter is a very valuable asset moving through the permitting stage.
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There are 2 things here. A major holder of Aurora Energy (AXU-T) with their Labrador play. They are also moving cash into building a refinery in Newfoundland. The latter is a very valuable asset moving through the permitting stage.
HOLD
HOLD
July 10, 2007
If you own, just enjoy it. There is no sign of a Top yet. Watch for volume expansion and if the price doesn't go up, it is a warning.
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If you own, just enjoy it. There is no sign of a Top yet. Watch for volume expansion and if the price doesn't go up, it is a warning.
TOP PICK
TOP PICK
July 6, 2007
Permitting a refinery in Newfoundland. It will be the 8th largest refinery in the world. Specifically designed to deal with heavy sour crude. It will have the highest refining margins in the world.
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Permitting a refinery in Newfoundland. It will be the 8th largest refinery in the world. Specifically designed to deal with heavy sour crude. It will have the highest refining margins in the world.
BUY
BUY
June 21, 2007
Labrador/Newfoundland. Currently putting together a refinery. The main reason to own this stock is because of the CEO.
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