Harvest Minerals Share Discussion Threads

[pilot48] 17/8/2016 21:25

Yep, confirms my view on the rationale to focus on DANF projects (Arapua and any new similar projects they can find in Brazil or SA), stick to simple and cheap options with excellent economics.

[h2owater] 17/8/2016 21:19

Last years shares mag article:Arapua is likely to be an important source of early cash flow for Harvest, helping to fund work on two potash prospects, 13 kilometres and 40 kilometres respectively from the Taquari-Vassouras potash mine run by commodities giant Vale (VALE:NYSE) which is scheduled to be depleted in 2017.Vale_HARVESTHarvest plans to capitalise on 2017 closure of Vale's Taquari-Vassouras mine, picturedHarvest believes its deposits could either become new sources of material to help Vale extend the life of its Taquari-Vassouras processing operations, or potentially the two companies could form a joint venture. The other option is for Harvest to build its own plant which may be roughly the same cost as the rail link required to link up to Vale's facilities.Brazil is a major consumer of potash which is used to as a fertiliser to enhance crop yields. Ninety per cent of its material is imported and Taquari-Vassouras is the only operating mine in the country, so having a new domestic source of potash would be highly desirable.McMaster says exploration work on Harvest's prospects imply similar characteristics to Vale's project, albeit mineralisation is at a greater depth. 'There is still lots of work to do, but we are on to something,' he insists.Deep potash projects are incredibly expensive to turn into operating mines. While many large projects opt to sink shafts, McMaster says the costs do not have to be 'front loaded' if a solution mining technique is adopted which spreads the costs over many years. This involves drilling holes, filling them with fluid and pumping the potash-rich solution out. 'You'd probably end up spending the same as sinking shafts over time due to the continuous amount of drilling,' he comments.On paper, this looks very exciting and we expect strong investor interest once the market becomes aware of the story.

[h2owater] 17/8/2016 17:53

May "the force" remain with low fee float HMI!!!Onwards and upwards!

[charles clore] 17/8/2016 17:30

I can't believe the price is still under 50p. Mining cost $7 a ton, 108k tons on the trial mining permit and a profit of around $50/ton. I make that about $5m to start with. This could become a billion dollar turnover business in no time with negligible costs. I really should buy some more.

[miahkaysor] 17/8/2016 17:09

that 35k belongs to me ;-)onward and upward to 20p+Look at where Sound Energy is!

[soulsauce] 17/8/2016 16:50

Great post h2o, good to see this strengthen in to the close, bodes well.

[h2owater] 17/8/2016 16:45

[...]
www.voxmarkets.co.uk/blogs/559-harvest-minerals-malcy-on-cairn-parkmead-3/

Can't believe these sellers! Good riddance!

Listen to the CEO!!

- Dig a hole , put in a truck & sell...and we in production!!

- Buyers 360 degrees around the potasj!

-Brazil largest fertilizer consumer

-Recession in Brazil is positive for HMI

- $7 per tonne is actually free to produce!

-High potassium and Govt wants to be fertilizer free

Vox market interview;

- Loads for news within the month

-Currently too cheap even after the rise

hxxps://www.voxmarkets.co.uk/blogs/559-harvest-minerals-malcy-on-cairn-parkmead-3/

[soulsauce] 17/8/2016 16:12

Great piece on the Hargreaves Lansdown site about reasons to invest in Brazil, yes it has been through a rough patch but now starting to pick up again. Another good reason to be here.

'The Brazilian stock market has soared so far this year, buoyed by a strengthening currency, a recovery in commodity prices, reduced expectations for a US rate rise; and the increasing likelihood Dilma Rousseff will be permanently replaced with a more business-friendly successor'

[pilot48] 17/8/2016 16:08

True, but I would think warrant holders would want to cash in at a higher price than now.

[janestone] 17/8/2016 15:49

There might be a few warrants clearing at this point, but it puts money in the bank and there aren't many outstanding.

[soulsauce] 17/8/2016 15:11

Firmly in breakout territory now ;-)

[charles clore] 17/8/2016 14:47

Soul - and as we know, imported goods are usually more expensive than the home produced variety. Those farmers should be very keen to reduce costs. Develop a strong supplier network and the contract is yours!

[soulsauce] 17/8/2016 14:41

Without doubt CC. When you look at the other companies these chaps have been involved in and where they took them, with the assets they are sitting on here one can't help but wonder where this might go given the appetite for agro mins in Brazil and given they currently import most of it.

[charles clore] 17/8/2016 14:21

Soul - that's if they find it before it goes stratospheric. I think it is very much under the radar at the moment.

[soulsauce] 17/8/2016 11:53

Think when folk look at this they all see the same thing - no brainer with massive upside.

[pilot48] 17/8/2016 11:20

Space rockets and jump jets may disagree ;)

[trotterstrading] 17/8/2016 10:58

Plenty more left in the tank yet folks, nothing goes up in a straight line but the trend is up and will continue to be the case for a long time yet IMHO

[fission453] 17/8/2016 10:02

Go baby go!

[fission453] 17/8/2016 10:02

Go baby go!

[soulsauce] 17/8/2016 08:25

Yes CC ;-)

[charles clore] 17/8/2016 08:16

Soul - reminds me of another share earlier this year.

[soulsauce] 17/8/2016 08:11

Great start, in demand from the off.

[h2owater] 16/8/2016 17:15

Brazil is the world's largest potash importer and the third largest potash consumer in the world. That makes the Harvest's potash portfolio ideally situated in terms of supplying into a ready market at low cost. Around 90% of Brazil's potash is imported, and the rest is produced by local champion Vale (NYSE:VALE) at Taquari-Vassouras, which sits adjacent to one of Harvest's own properties, the Capela project in the state of Sergipe.There are several advantages to this. One is that infrastructure is already in place. Another is that in time Vale may come to appreciate the proximity of Capela and the advantages of maintaining its current monopoly on production. A third is that the existing mine at Taquari-Vassouras has set precedents for permitting.3-D seismic work has confirmed that Capela is the possible northern extenstion to Taquari-Vassouras. Drilling work has intersected over 16m of high grade sylvinite as part of a total of 79m over multiple extensions.Meanwhile, less than 100km to the south, at the Sergi pipe, Harvest has already proved up an inferred JORC resource of 105.3 mln tonnes grading 21.3% KCl. That's a solid foundation around which the company can begin to build an economic model.