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

Instead, the exchange had a much better company in mind, one whose technology is stronger and more efficient. And one whose technology is “crash-proof”.

You see, the NYSE simply can’t run on a program like Microsoft Windows. Why? According to this company’s President and CEO Jim Whitehurst, “It crashes too often.”

That’s why the New York Stock Exchange selected Red Hat, Inc. (NYSE: RHT). Headquartered in Raleigh, North Carolina, Red Hat is the largest provider of Linux software and is the most recognized open brand source in the world.

The company serves global enterprises with technology and services made possible by the open source model. Why open source? Because it is inevitable.

You see, all software is written with source code. With open source software, the code is protected by a special license that ensures everyone has access to that code. That means no one company can fully own it. Microsoft programs are not created using open source, meaning that only the company has access to the codes in products like Word and Powerpoint.

Open source returns control to the customer. You can see the code, change it, learn from it. Bugs are more quickly found and fixed. And when customers don’t like how one vendor is serving them, they can choose another without overhauling their infrastructure. No more technology lock-in. No more monopolies.

Red Hat’s serves customers in every major business arena, and even local, state, and federal governments. Its customers include the New York Stock Exchange, McKesson, Charles Schwab, Merril Lynch, Credit Suisse, and Dreamworks.

And Red Hat’s results show how profitable their open source methodology can be. In its latest quarter, the company reported a 20% jump in earnings, handily beating Wall Street’s expectations. And we expect the same result when the company releases its fourth-quarter earnings on March 25.

Red Hat has a dominant market position as the high-quality, low-cost provider of IT infrastructure solutions. Its balance sheet is growing even stronger with significantly higher operating cash flow than last quarter.

And management is taking advantage of these market conditions by repurchasing two million shares of common stock. RHT has the momentum heading into this earnings release to top the street again.

Source: Red Hat, Inc. (NYSE: RHT): Stock of the Day