Harvest Minerals Share Discussion Threads

[sandbag] 20/8/2016 18:27

Charles,

If you listen to the Voxmarket interview (h2owater's post 388) you'll realise it's not really a mining start up but an open cast quarry start up. Excavating, transporting, crushing plant only I believe. It was also mentioned about the possibility of bringing in contractors to do this work so presumably they would have their own plant and save Harvest a large amount of capex.

[charles clore] 20/8/2016 17:51

runawaypaul - cash, at the last reported cash flow statement dated 31st March the company had approximately £2.1m with a burn rate of around £500k/quarter so they probably have about £1m left. I note that they say they have enough to go into trial production but I am not sure if this is still the case. I think there are more costs involved in mining start ups than first imagined. So I would expect some kind of fund raising over the next few months and I would like to see a rights issue with warrants. Wouldn't that be nice?
As always, dyor.

[johndee] 20/8/2016 17:23

Only a few had this on their radar until the last couple of days. As more and more notice the company we will see the share price in £'s not pence.

[sandbag] 20/8/2016 17:18

Even if storage were needed it would be a very simple drive in drive out structure - structural steel and sheeting on a concrete base. Simple and very cheap.

[glenkaz] 20/8/2016 16:56

The buying frenzy will be unstoppable Monday! I'm in for a good crack ! Help this company to reach 50p then and if there's loads for all and even a small placeing if they need it I herd a rumour ! On Lse! But most are saying fully funded!! Can anyone here shed light thankyou! Except peewee don't know what I've done to him!

[runwaypaul] 20/8/2016 16:31

how much cash have they got?

[charles clore] 20/8/2016 15:51

There must surely come a time when storage of crushed product would be necessary. Also it would have to be under cover as you wouldnt want to get the stuff wet. I dont fully understand the logistics but am slowly getting there.

[sandbag] 20/8/2016 15:31

And we only need to crush it when it comes out of the ground and then it's onto the backs of trucks and away to the nearby customers.
Gets better and better.

[soulsauce] 20/8/2016 15:09

I think SXX may be that price due to the NAV, bearing in mind it is going to take $$billions to build due to being a fairly deep mine with processing req'

Just remind me, we are digging it straight out of the ground to a ready market - hmmmmm!!
AND we have only tested 3% of the area;
AND we have several other properties with multi million ton potential phosphate;
AND we have a ready hungry market for our product.
AND Brazil needs lots of fertilizer with prices rising.

May be this is not a bad investment after all ;-)

[glenkaz] 20/8/2016 14:23

You are missing summit personality for one peeweeeeee! But you won't see this ! But others will 🤒

[glenkaz] 20/8/2016 14:19

Peewee filter this 💩! 🤒

[glenkaz] 20/8/2016 14:17

Peewee ! Filter this 💩! What a girls blouse.

[sandbag] 20/8/2016 14:08

Charles,

You tell me! LOL!

[charles clore] 20/8/2016 14:06

sandbag - how in God's name did Sirius ever get to be that size market cap?

[petewy] 20/8/2016 13:45

I have filtered glenkaz and fission.
Am I missing anything?

[glenkaz] 20/8/2016 09:43

Or a magazine !!😂

[h2owater] 20/8/2016 09:41

And US-based Mosaic, which has a large South American operation, last week said that there had been a rise in potash prices in Brazil of "some $10, $20 up [a tonne] in the last couple of weeks", adding that "we expect that to continue as we get closer to their main planting season".

"Brazilian demand forecast just keep getting revised higher and higher, despite the chaotic political backdrop, volatile exchange rate and tight farm credit," said Mike Rahm, the Mosaic vice-president of market analysis.

"That is not a surprise given record high local currency prices for soybeans, corn, sugar, cotton and coffee."

Rich Mack, the Mosaic finance director, told investors that Brazilian buyers "can't defer [purchases] anymore.

"Inventories are used up. And so that's where we see some price momentum in Brazil, both for phosphates and potash."

www.agrimoney.com/news/heringer-flags-squeeze-in-brazils-rebounding-fertilizer-market--9819.html

[glenkaz] 20/8/2016 09:40

Is that a ford fission! 🚘

[glenkaz] 20/8/2016 09:36

Have a nice day fission ! And see you in a better mood Monday morning at 30p ha ha! 🤒

[fission453] 20/8/2016 09:23

No bud stop being a dimwit! You need a life!

Right off to see my escort! chow chow!

[fission453] 20/8/2016 09:23

No bud stop being a dimwit! You need a life!

Right off to see my escort! chow chow!

[sja123] 20/8/2016 09:02

What makes this so highly significant for me is the 3% figure....figures I've seen suggest that at $50-$60 sale price, HMI could be generating over £3.5m net profit per annum at 100,000 tpa....for 7 years...

Presumably, if the trial mining license goes well, it wouldn't take much to upscale to, say, 10% of the deposit....once infrastructure in place and with the demand there..

Brazilian government on side as they want the country self sufficient in fertilizer by 2020...so a full mining license should be a formality, to enable increased production...do the math....at 300,000 tpa, looking at close to £10m net profit per year and probable £100m mkt cap for HMI....five times where we are now....90% of the deposit to still work up....another DANF project in stable already....plus the two potash projects close to Vale...possible corporate activity with that...joint venture or buy out...

The cash they will generate could be used to purchase other in country DANF...develop potash...

McMaster already indicating that he can get a better return than $50 by contract mining and an even better profit margin...

For me, and even with the spike in price we are now sat on, it would seem there is much further to go in the short term and a long term hold may produce a very good investment...

All IMO etc