00:13:32 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Altius Minerals Corp
Symbol ALS
Shares Issued 39,932,102
Close 2015-10-09 C$ 13.62
Market Cap C$ 543,875,229
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Lundin says hold Altius

2015-10-09 20:50 ET - In the News

Brien Lundin, in the October, 2015, edition of the Gold Newsletter, says hold Altius Minerals Corp., recently $12.20. Mr. Lundin said buy Altius at $2.25 in July, 2003, and at $3.70 in April, 2005. He then said take some profits -- sell half, perhaps -- in January, 2006, at $4.95. Assuming a $1,000 investment for each of the two buys, selling half at $4.95 would have yielded a profit of $722. Mr. Lundin said buy five more times between March, 2006, and October, 2014, at prices ranging from $4.75 to $11.49. Assuming a $1,000 investment for each of the five buys, and taking into consideration the remaining $1,000 investment after the half-sale, the $6,000 position is now worth $13,115. In the quarter ended July 31, Altius had revenue of $9.79-million and a net loss of $1.63-million, due to non-cash charges that included amortization of royalty interests. Mr. Lundin says the company's myriad royalty and income stream holdings in a variety of commodities make it a great play on the long-term strength of the commodities sector. He tells his readers that there are many global trends favouring a rise in the price of commodities, chief among them population growth. As long as people live longer and more babies are born, the long-term demand curve for commodities is decidedly upward.

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