Absolute Return

Altius Minerals: An Excellent Business Trading At A Discount

Altius Minerals (OTCPK:ATUSF) is my best idea and represents nearly 10% of my portfolio. In this longish article, I will walk you through the history of the company, the management, the business and the valuation.

For a shorter pitch of the company, see "Altius Minerals: Excellent Management for Free".

The Company

Altius Minerals is not a mining company, and that is a good thing. A typical run of the mill junior mining business model is as follows. Get a piece of land with promise of a discovery, raise capital, explore for the minerals, raise more capital, build a mine and hope for a big success and discovery. A junior miner has to spend/raise a lot...

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