But it gets even better than that. This gold find happens to be just one of the half-dozen gold projects this company currently has in the works. And with one government bailout after the next, the prospects for gold and other precious metals as safe havens will only grow.

That’s why today we are recommending Altius Minerals (TSX: ALS). Based in the province of Newfoundland and Labrador, Canada, Altius Minerals is a mineral exploration company with over $200 million in total assets.

As an exploration company, ALS does not do any drilling. Instead, it simply finds mineral-rich land that offers the most potential for profits. Then, it cozies up with a bigger partner that is willing to take on the heavy cost and risk of drilling.

So how does Altius get compensated for its work? By receiving huge royalties from existing mining projects. In fact, the company makes 96% of its annual revenue from them.

And Altius is collecting them like clockwork. Like the .3% royalty ALS collects on a nickel-copper-cobalt project in Voisey’s Bay, Labrador. This project is one of the biggest mineral finds in all of Canadian history – estimated to contain 141million tons of iron ore.

The project will ensure Altius consistent and sustainable cash flow for at least the next quarter century. Think about that for a second…

Even better, the fact that Voisey’s Bay is viewed as a long-term financing source for the company’s business model is great news for Altius shareholders because it will eliminate the dilution of equity.

Bottom line: ALS offers a low-risk way for you to own gold and other precious metals. And when gold skyrockets, expect the share price to follow.

Note: This Company is traded on the Toronto Stock Exchange.

Altius Minerals (TSX: ALS): Stock of the Day