Altus Strategies
Ticker (LON: ALS)
Shares: 70m
Market Cap: £42
Altus Strategies have built a portfolio of 20 projects and royalties in key mining jurisdictions and currently has a high impact 10,000m RC drilling programme underway at the Diba gold project in western Mali.
Diba is strategically located in a world famous gold belt that hosts numerous open pit mines.
Altus Strategies has interest in 20 projects, the figures for just the oxide portion of the Diba gold project is more than twice the market cap with a NPV of $107m at 10% discount rate and US$1,500/oz gold price, with payback of 6.1 months; after-tax IRR is 715%.
The CEO of Altus Strategies recently topped on the open market up to 8%, BOD hold over 20%, major institutional holders including, La Mancha, Sprott, Delphi, over 76% shares tightly held.
Altus Strategies currently has a high impact 10,000m RC drilling programme underway at the Diba gold project in western Mali.
Diba is strategically located in a world famous gold belt that hosts numerous open pit mines.
Here is a interview the CEO Steven Poulton did with Share Buyers last week:
