Altius Minerals Corporation (ATUSF)

[Wildbilly]

Altius Minerals - Diversifying Away From Iron Ore
Aug. 10, 2014 3:00 PM ET | 4 comments | About: Altius Minerals Corp. (ATUSF)
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Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary

Altius Minerals was too focused on iron ore and the drop in the iron ore price reduced the value of its Kami royalty.
The company bought an extensive royalty portfolio from Sherritt International, diversifying away from iron ore into potash and coal.
This was a very cheap acquisition, at just 9 times the trailing 12 month cash flow.
Altius' current fair value is approximately 40% higher than the current share price.
Introduction

It's been a while since I held Altius Minerals (OTCPK:ATUSF) against the light and now the iron ore price has crashed to a double-digit price range, I think it's a good idea to revisit this company to see whether or not it'd still be interesting to put some money in.

continued: http://seekingalpha.com/article/2405815-altius-minerals-diversifying-away-from-iron-ore?uprof=44