altius minerals annual report 2004 profile our business in 2003 as a result of acquiring royalty interest the voisey s bay project became company with exploration upside looking forward aims to distinguish itself by delivering shareholders growth value and stability combining benefits ownership disciplined approach acquisition was important this regard it will deliver long term free cash flow from premier nickel under development inco ltd which is global leader production cobalt copper at anticipated commence next year continue for least quarter century notably applies currently envisaged well any future expansions or new discoveries within highly prospective region established joint venture funding model continues create reason we remain committed pursuing select generation opportunities where substantial can be added low capital risk since inception more than 30 properties