Harvest Minerals Share Discussion Threads

[sja123] 13/9/2016 15:18

Indeed, personal choice.....however, I fail to see much relevance in posting SXX on this board....they're not really similar in product, time-frame, mkt cap, geography, markets etc....chalk and cheese.....an irrelevance imo....

[soulsauce] 13/9/2016 15:16

Good posts CC.

[adiekirby1] 13/9/2016 15:15

Surely the more investors.....the better the share?? No?

[charles clore] 13/9/2016 15:09

Adie - each to his own. You have done your research and made your choice. Good luck and no disrespect to you or any other SXX holder.

[adiekirby1] 13/9/2016 14:56

I'm happy with both...!

[charles clore] 13/9/2016 14:54

I am more interested in a company that is actively engaged in making a profit in 3 months time than one that sits on huge assets with an inflated market cap and will not produce a cent for several years. That is why I am invested in HMI and do not hold SXX.

[charles clore] 13/9/2016 14:47

Another question for you John. How many years will it take Sirius to pay back the £3.9bn mine development costs? And how much will they be setting aside from profits for mine closure costs?

[charles clore] 13/9/2016 14:42

John, lets cut to the chase here. What are the Sirius projected earnings for each of the years 2016-2021? If you don't know then give me your best guess. Thanks.

[johnwise] 13/9/2016 14:38

With a ‘buy’ recommendation and a 75p price target, Shore Capital suggests almost 90% upside to the current Sirius Minerals share price of 39.40p.

York Potash Project - from Mine to Port

[charles clore] 13/9/2016 13:32

Of the two companies HMI is the one to invest in now as it is so close to production and has so far uncovered only a fraction of its potential resource. This is a beautifully simple operation and in many ways superior particularly in terms of time to production and will easily outperform Sirius on ais cost per ton and possibly even volume of production.

[sja123] 13/9/2016 13:13

It also often goes overbought imo....as in now....SXX £920m mkt cap and years from production....HMI is the right company in the right place at the right time with the right product for huge govt backed markets right on it's doorstep and a few weeks away from initial sales....

SXX may have it's merits but that ship sailed long ago....the type of people who invest in HMI wouldn't bother with something that size imo....I certainly wouldn't...

All imo etc

[babbler] 13/9/2016 13:11

Great. Post that on six. Not sure 1bn mcap I us under emphasised but hey...

[johnwise] 13/9/2016 12:51

Sirius’s North Yorkshire Polyhalite project often go underemphasised

[andy] 13/9/2016 12:48

J9hn,

Why is it necessary to come here and attack this share though?

If you're happy with Sirius, and people here are happy with Harvest, what's the problem?

I would suggest these are two very different beasts, and this one may well reward in the shorter term, Sirius in the longer term.

Any0ne nifty may be able to make capital from both..........

[johnwise] 13/9/2016 12:44

The Sirius plan is the mine will initially produce 10 million tonnes of polyhalite a year, though there is the capacity to double output.

The cost to generate these 10 mln tonnes is put at US$3.56bn, with the financing done in two tranches, and talks with potential funders were “well developed”, the firm said last month.

[soulsauce] 13/9/2016 12:36

Johnwise you are missing something old chap, Brasil is trying to cut importing fertilizer products and instead use home produce product hence the beauty of this.

And when will SXX be producing your polyhalite? 2021? Lol.

[johnwise] 13/9/2016 12:26

Potash is history, polyhalite will be the farmers first choice because unlike potash polyhalite contains 4 of the essential nutrients essential for healthy plant growth

Video
Polyhalite Explained

Video
Sirius Minerals - The deposit

[sja123] 13/9/2016 12:12

I posted this on 20th August:

"sja123 20 Aug '16 - 09:02 - 395 of 862 1 0 Edit

What makes this so highly significant for me is the 3% figure....figures I've seen suggest that at $50-$60 sale price, HMI could be generating over £3.5m net profit per annum at 100,000 tpa....for 7 years...

Presumably, if the trial mining license goes well, it wouldn't take much to upscale to, say, 10% of the deposit....once infrastructure in place and with the demand there..

Brazilian government on side as they want the country self sufficient in fertilizer by 2020...so a full mining license should be a formality, to enable increased production...do the math....at 300,000 tpa, looking at close to £10m net profit per year and probable £100m mkt cap for HMI....five times where we are now....90% of the deposit to still work up....another DANF project in stable already....plus the two potash projects close to Vale...possible corporate activity with that...joint venture or buy out...

The cash they will generate could be used to purchase other in country DANF...develop potash...

McMaster already indicating that he can get a better return than $50 by contract mining and an even better profit margin...

For me, and even with the spike in price we are now sat on, it would seem there is much further to go in the short term and a long term hold may produce a very good investment...

All IMO etc"

As we now know, in this fast moving story, things have progressed somewhat since then.....it's no longer 100,000 tpa but a "rolling" 50,000 tons....I don't know how many digs of that amount they will do per annum....but the 300,000 tpa is 6 of those digs and would appear to be possible under the new licence arrangements...

No wonder they are going to work on opening up more of Arapua this year....they may well need much more at this rate!....and HMI could be throwing off mountains of cash by next year...

All IMO etc

[bckttsim] 13/9/2016 10:37

Value in future will be 10 x , 20 x current M/C .... Maybe more.

[miahkaysor] 13/9/2016 10:32

This going to be massive!!

[sja123] 13/9/2016 10:10

Post from Swingy on LSE....I'm sure he won't mind me re-posting it here....he has had a reply from the company to clarify the last RNS...make of it what you will but it looks genuine to me...

"HMI email ref trial permit
Chaps. Following the environmental RNS I sent an email to HMI for clarification and have just received a response.
I asked for clarification on the rolling 50,000t and if the November rains would present a problem.

The response I received was....

"Generally, a trial mining permit is issued for a limited number of tonnes as a one off process. In our instance, given the importance of fertiliser to the Brasilian economy, the respective government departments have issued a license which is a function of production amount and time. That is, we are permitted to operate under the trial mining license for up to 4 years and we can produce up to 50,000 tonnes at any one time. Upon completion of the 50,000 tonnes we can go back and produce a further 50,000 tonnes (a “rolling”;50,000)."

"In regard to your second question. The product is occurring naturally so in its current form its not effected by rainfall. The solubility point is about the degree to which the plants will absorb the fertiliser. In very basic terms, a high solubility factor means that the plants can easily access the nutrients. We don’t anticipate any major disruptions from weather (although that’s not a weather forecast, its just a guess)."

Perhaps this will be in the next RNS."

All IMO DYOR etc

[babbler] 13/9/2016 09:47

Warrants exercised was the news.