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Company Description

Contact Info

Two Morneau Shepell Centre

Suite 900

895 Don Mills Road

Toronto, ON M3C 1W3

Canada

Phone: 416-383-1328

Fax: 416-383-1686

Altai Resources, Inc., a junior natural resource exploration company, engages in the acquisition and exploration of natural resource properties in Canada and the Philippines. Malartic Township gold property, Quebec The company owns 50% working interest in the Malartic Township gold property of three mining claims totalling 120 hectares (300 acres) in Quebec. The other 50% working interest is owned by the property joint-venture partner, Globex Mining Enterprises Inc. (Globex), which names the project Blackcliff gold property. The company and Globex have optioned 100% interest in the Malartic Township gold property to C2C Gold Corporation Inc. and Animiki Mining Corporation. Sorel-Trois Rivieres natural gas property, Quebec As of December 31, 2008, the company had 100% interest in seven oil and gas and reservoir permits in the Sorel area, St. Lawrence Lowlands region of Quebec, covering 114, 252 hectares (282,317 acres). Sept-Iles gas property, Sept-Iles, Quebec North The company owns a gas permit of 24,042 hectares (59,408 acres) (Property) in the Sept-Iles area, Quebec North Region, which is approximately 750 km north east of the Sorel-Trois Rivieres oil and gas property. In November 2008, Altai signed a Farmin Option Agreement with RJK Explorations Ltd. (RJK) for RJK to earn 100% interest in the Property from Altai. Significant Events On October 8, 2009, Altai Resources Inc. announced that the Quebec Ministry of Natural Resources has granted the company new oil and gas permits covering all of its 100% owned permits in the St. Lawrence Lowlands, Quebec. History Altai Resources, Inc. was founded in 1955.

 

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Price/Sales 18.2x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.4x
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