Horizonte Minerals Share Discussion Threads

[strow] 25/1/2017 08:35

Got to be good :-)

[twigs3] 23/1/2017 17:26

hxxps://www.steelorbis.com/steel-news/latest-news/global-nickel-production-decreases-in-january_november-968480.htm

[jailbird] 22/1/2017 19:32

Thanks for info Strow

[davydoo] 20/1/2017 12:27

another day of false spread

the trades at 2.45 are sells

I was even offered 2.43 to sell 500,000

[strow] 20/1/2017 08:09

Nickel getting hammered-surprise surprise.
Ususal rubbish from the traders though-extra 5% supply over the next 5 years comes into the markets and they take the nickel price down 20% over 2 months.
Lets hope this forces some hands.70% of producers now underwater again-it just cant last.Its absolutely amazing how stubborn some of them are though.

[wooster4] 19/1/2017 21:37

spread was a little false today. You could sell quantity at 2.4p.

[strow] 19/1/2017 21:27

Jailbird- Breakeven after tax NPV8 is $9,426($4.28/lb) and Net Cash Flow is $8,343($3.79/lb)

[strow] 19/1/2017 11:21

somebodys definitely propping this up atm (makes a change)

[strow] 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 :-)

[jailbird] 17/1/2017 13:44

https://news.metal.com/newscontent/100720055/why-indonesia's-easing-of-the-ore-export-ban-is-bullish-for-nickel-

[strow] 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

[salmonn1] 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.

[strow] 16/1/2017 21:52

Is a good question yes but that in turn depends on the nickel price-all very circular

[salmonn1] 16/1/2017 21:46

Also is there enough 2% Ni for 10 years production with a second line?

[strow] 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.

[salmonn1] 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?

[twigs3] 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.

[salmonn1] 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?

[strow] 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).

[salmonn1] 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.