Share Name Share Symbol Market Type Share ISIN Share Description
Horizonte Minerals LSE:HZM London Ordinary Share GB00B11DNM70 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 2.375p 2.25p 2.50p 2.375p 2.375p 2.375p 228,065.00 07:58:43
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.7 -0.3 - 27.83

Horizonte Minerals Share Discussion Threads

Showing 6776 to 6798 of 6800 messages
Chat Pages: 272  271  270  269  268  267  266  265  264  263  262  261  Older
DateSubjectAuthorDiscuss
17/1/2017
22:03
hxxp://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1askvuv-MediumTermNickelOutlook180515e212478.pdf The latest one i can find that is accessible from Jim Lennon-his long term incentive prices have hardly changed for several years :-)
strow
17/1/2017
13:44
https://news.metal.com/newscontent/100720055/why-indonesia's-easing-of-the-ore-export-ban-is-bullish-for-nickel-
jailbird
17/1/2017
11:55
hxxp://www.indonesia-investments.com/news/todays-headlines/flip-flopping-the-mining-law-what-are-indonesia-s-new-mining-rules/item7516
strow
17/1/2017
11:53
hxxp://www.crugroup.com/about-cru/cruinsight/Implications_of_Indonesias_Decision_to_Relax_the_Nickel_Ore_Export_Ban?utm_medium=Twitter&utm_source=Social%20Media&utm_campaign=CRU%20Insight%20LN%20Jan%2017
strow
17/1/2017
08:26
hxxps://thewest.com.au/business/mining/indonesia-moves-to-quell-fears-of-nickel-flood-ng-b88357077z
strow
16/1/2017
21:55
Thanks for the info on Indonesia strow. Better news if raw ore exports are capped, but, a precedent has been set, it's a trust issue and the government have suffered reputational damage that will not easily be repaired.
salmonn1
16/1/2017
21:52
Is a good question yes but that in turn depends on the nickel price-all very circular
strow
16/1/2017
21:46
Also is there enough 2% Ni for 10 years production with a second line?
salmonn1
16/1/2017
21:37
Twigs-that does help as it demonstrates that for a 2 line,if you can afford the capex as larger miners/investment groups can, that the real value is roughly double what we and the market is being "sold" by JM and the board at present with our one line 14,500 tonne per year operation. The NPV in the first pfs for the one line was approx $580m :-) The reason we dont have a 2 line value demonstrated to us at the moment is likely 2 fold.One because the capex is too high for HZM alone as first stage and two because they likely didnt want to pay for all the costings and extra work involved in calculating this with our recent new pfs. 5.2 million tonnes of ore export capped per year as announced by Indonesia over the weekend is only just over 88,000 extra tonnes of nickel into the market each year which is so much better than we had feared given recent articles about 10 % of world car fleet being converted to electric requiring an extra 400,000 tonnes of nickel per year supplied.
strow
16/1/2017
20:50
Strow, I don't know what NPV is. Perhaps naively I just thought a second lot of plant should not cost more than twice one lot. Perhaps I'm not comparing like with like? May be the second line is bigger?
salmonn1
16/1/2017
20:45
I think it was about 1b from memory, however I'm sure this was just HZM and not the GAP, but it was also using a market price of $18000 a ton,so not a lot of help.
twigs3
16/1/2017
20:44
Indonesia's government has totally betrayed overseas company inward investment in mining processing. And even worse they can't say that it is a change of government! The incumbents have flip-flopped on this. And the outcome for inward investment goes wider than the mining sector, this is a serious own goal for the Indonesian economy. May be when this sinks in they might have second thoughts?
salmonn1
16/1/2017
20:34
mmm-well as you say definitely one for the agm etc-what was the NPV for the two line on the first pfs ? Do you have that comparison available as,as far as I remember it was a lot greater than the one line,which is why Im raising this point (for those that could afford the capex).
strow
16/1/2017
20:29
I intended to ask about this at the last meeting, but the board made clear that a single line was the only option, so I let it go. I've just found my notes and what I actually found were the figures from the first pfs. Base case total costs $519 million, twin line $1436 million, almost 3x more. If the second line is using similar plant why so much more? If the reserves of 2% Ni can be increased to make the second line viable won't it make the asset more saleable even if the base case is the initial plan? A bit like selling a house with planning permission and a set of plans to build another in the garden.
salmonn1
16/1/2017
20:00
A second line is surely viable with the current resource and they pretty much have stated as such if the capex wasn't an issue. Again,where did you get $1B plus for the 2 line capex ? surely not,with one at $350m,would make no sense at all?
strow
16/1/2017
19:54
Where did you get that information from Salmonn1 ? I have not seen it anywhere
strow
16/1/2017
17:50
Enough 2% Ni to make a second line viable. One thing that puzzles me is that HZM's projected cost for two lines is north of one £billion compared to £350 million for one. I would have thought it would come in at > £700 million? Question for the AGM perhaps.
salmonn1
16/1/2017
17:42
I think the value of the asset is being addressed, drilling is resuming on the GAP area and recently acquired land. Lets hope we find some more 2% Ni.
salmonn1
16/1/2017
14:59
I don't know much about mining economics, but id have thought any acquirer would want to buy at the moment before the capex is made to start mining, so that it gets to make its own decisions and use its own weight
davydoo
16/1/2017
12:45
For any company that can afford the increased capex,the NPV will be greater than what we have for our one line at 14,500 tonnes per year. This is the "elephant in the room" if you like at the moment as it was not calculated as per the previous pfs and would have given us all a much better idea of true value to a larger company which should set a minimum baseline value. The true value is much greater than what we have in our pfs to date. Hopefully this will be addressed and dealt with in the forthcoming BFS.
strow
16/1/2017
10:24
Agreed about the take over at some point, I would have thought after mine has started to be built and everything in place with all the hard work done, problem would be if nickel is still sitting at a low price it would be a low ball offer.
twigs3
16/1/2017
10:16
Long term nickel price has to be at least 12,000,so i am still working on that basis. It has to be a takeover target by a larger company.
strow
14/1/2017
10:52
on my watchlist
temmujin
Chat Pages: 272  271  270  269  268  267  266  265  264  263  262  261  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V: D:20170118 14:09:40