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Horizonte Minerals Share Discussion Threads
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|As strow has pointed out often, the nickel price is way below the incentive price for new investment and at these prices existing mines with high costs are uneconomic and will eventually have to close. And I've pointed out that ore grades are falling every year. Time is on our side if the nickel price stays subdued and if-when it rises HZM profitability is highly geared to the price of the metal. It should be OK either way.|
|Good to see the price of Nickel back below 10K. This is still needed to bring the stockpile back into balance. Hopefully by 2019 2020 when we are in production the price can be at the right 16K to 20K level because the stock mountains have been worked out of the system.|
|Appreciative too for all the comments/updates et al.
Wish my average was only 6p! Getting there, nibbling away. Wouldn't be adding if I didn't have confidence in the future. Refuse to add above 3p for now, just buy the dips.|
|When we are mining and assuming we retain a decent amount of the project, we will be trading an awful lot higher than 12 pence.|
|Me to, all your views give me reassurance having stayed in much longer than original intended six years ago. I also have great confidence in JM and board and believe all they say is genuine. I need 6p (but want at least 12p) to surface again and expect this before 2020 when I reach 80, if still around!|
|Their job is to have a view on Nickel or whatever else they are writing about. To them it probably doesn't matter what that view is as long as it is plausible and gets people to read it. But there is rarely any new insight, just speculation or comment on the current information. The way I have come to look at this during the time I've been invested in HZM is that JM has said repeatedly, "this will be a mine". And having attended all the AGMs since 2014 and met the Board I am satisfied that they are competent and serious about making this work. And I have taken the view that as a mine, HZM will at some point be worth more than 4.3p a share (my average). And at some point in the next few years possibly worth a lot more. Like everyone else it's a case of factoring in the risk and the opportunity cost of holding an investment that doesn't pay a dividend over what the money could earn if invested elsewhere. At 7% per year compounded that should be x2 in ten years. I'm hoping for more. Thanks strow for keeping up to date with this stuff, because it does my head in sometimes.|
|These people are all short termers JB-this is all about positioning not for just the next three years,but for the next thirty.
Most of them are short term traders that also have positions in the metal-no comment is without a background supporting holding would be my view.
This man is completely and utterly missing the fact that no new projects are being developed-at some point the market will get that and panic about real current mineable assets running down and running out.
We have not reached that point yet because the bears have not yet feasted enough.
Long term its an absolute no brainer-mines have "a life" then the s..t hits the fan.
2020 to 2025 is going to be a very interesting period imv.|
|Looking at some of the aerial pictures on the HZM website I think we can expect some spectacular drone film later in the year.|
|Nice little Buying opp below 3p, so I've just added some more.|
|Yep 9m cash the rest is intangible assets|
|Think the finncap note meant to state it had cash of £9m at the year end.|
|Net assets stated as £37m in final results|
|Horizonte has released results for the year to 31 December 2016. The highlight of the year was the publication of the Pre-Feasibility Study which showed that the Araguaia nickel project would have a positive NPV of US$581m using a nickel price of US$14,000/t and an NPV of US$328m using a price of US$12,000. Moreover, the project would be substantially profitable at today's nickel price of US$10,150. At the end of the year the company had net current assets of £9.0m; more than sufficient to cover cost of completing the Feasibility Study in 2017. We retain our medium-term target price of 8p.Finncap 17 March 2017|
|That was meant to be a smiley face not a question mark|
|Interestingly we are 100% covered by net assets,so no speculation or risk here ?|
|Wooster: The Shard analysis Feb. 2017 said first production in 2020, but in a BRR interview on 26 January 2017 Jeremy Martin said production 2019, so I'm not sure now which is right. Of course, there is not much difference between the end of 2019 and the beginning of 2020!|
|JB-The "top indonesian miner" referred to is Antam again-already known about-it is very frustrating that the media keep on recycling old news and dishing it up as new-suits the nickel traders perhaps.|
|Is that the first time we have seen first production expected by 2019 (less than 2 years away). I always thought it was 2020.|
|Top Indonesia Nickel Miner Seeks to Export 6 Mln Tons of Orehttps://bloom.bg/2nH7Ajh|