Horizonte Minerals Share Discussion Threads

[strow] 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

[salmonn1] 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.

[davydoo] 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

[strow] 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.

[twigs3] 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.

[strow] 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.

[temmujin] 14/1/2017 10:52

on my watchlist

[twigs3] 13/1/2017 09:43

Yes but only for 12 months, 2 years to far ahead imo.

[strow] 13/1/2017 09:22

Its a slow burner im afraid but a very good one-ultimately a winner-the metal is not going anywhere :-)
Id hate to think what virtually every other nickel developer is thinking at the moment.
It is going to be very very hard for the world to develop new nickel projects now as no price incentive to even bother.
We are actually really lucky to have most of it done and development finance in the bank already.

[jailbird] 13/1/2017 09:20

MMs still happy to take 250k+ Still appears a large buy order is in

[twigs3] 13/1/2017 09:00

I was hoping for a nickel price of about 12000 by end of year, not looking likely now,just hope the Philippines shut down a few more mines, if nickel stays about 9000 think it would be hard to get funding for building the mine, could well drop to placing price.

[strow] 13/1/2017 08:58

It is,mostly about bloody antam-lesson in how one indonesian company can screw the worlds nickel markets

[jailbird] 13/1/2017 08:55

Yes I read that about the smelters investmentsRBC Capital Markets analysts said in a note this morning the Indonesian reversal could see ore worth 20 per cent of the global nickel supply come back into the market, although the note said the rules around the export ban relaxation could mean that new supply came into the market relatively slowly.RBC said it did not believe the new supply would impact its prediction of a nickel supply deficit this year, but in the medium term it was a risk to existing suppliers.Some analysts suggest the move is primarily aimed at bolstering the position of state-owned PT Aneka Tambang (Antam), Indonesia's biggest nickel player.

[jailbird] 13/1/2017 08:38

A tier 1 producing resource will still have good value but obviously the higher Nickel is betterWhat was the breakeven again ?I read it somewhere , was it $8000?

[salmonn1] 13/1/2017 08:32

BBC's Asia Business Report, re Indonesia mineral export ban, see via BBC iPlayer.

[strow] 13/1/2017 08:29

It will-it has set back nickel price gains by about 5 years i reckon

[jailbird] 13/1/2017 08:17

Another 250k sell todayLooks like some selling in this news Just to see if Nickel still has bottomed out.. and whether this news can impact expected Nickel deficit onwards

[strow] 12/1/2017 15:45

neilweymouth-im sure there are people eyeing us up and have been for a while-problem is everyone is way too greedy to offer fair price which is why we havent been bought out already im sure.
Still an amazing longer term gem.
I feel so sorry for all the producers that were hanging in there-there inevitably will now have to be more worldwide closures due to indonesias silly games.
(they dont seem to understand supply and demand)