Harvest Minerals Share Discussion Threads

[dice1950] 28/9/2016 14:58

At a profit of around $40 a tonne, he reckons the project could yield free cash flow in double digits within the next couple of years.


Capital Network's Catalano spells out potential of Harvest Mineral's Brazil project
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Harvest Minerals Limited's (LON:HMI) Arapua fertiliser project in Minas Gerais, Brazil is a "fantastic one", according to Capital Network analyst Sam Catalano.
Speaking to Proactive's stocktube team, he said the project should be coming into production later this year.

Among its credentials, it is a very low capex start up, costing only up to $400,000 to get going, he says, since it's a case of simply digging the potash up from the ground and putting it on a truck.

It will be able sell the fertiliser at around $50 per tonne, while operating costs are less than $10 a tonne.

At a profit of around $40 a tonne, he reckons the project could yield free cash flow in double digits within the next couple of years.

The analyst added that Brazil was a faster growing market for fertiliser than the rest of the world.

[dice1950] 28/9/2016 14:57

the only way you can get these is stockpile as the mms wont give you a decent amount so you need 2 keep buying in bundles

[dice1950] 28/9/2016 14:54

well done im on 300k i expected 25p on todays news and yesterdays video but hey ho still think we could hit 22p today as stock is thin on the ground

[gilscottheron] 28/9/2016 14:47

I've stockpiled up to 450k.....lets see it do its thing

[dice1950] 28/9/2016 14:45

told you guys 17.775p gone nearly 18p 2 buy and very limited stock available expect more updates soon

[dice1950] 28/9/2016 14:34

Cant be many left at 17.775p

[dice1950] 28/9/2016 14:22

HARVEST MINERALS LIMITED ORD NP (HMI.L) 4 star buy
17.775 +0.650 (+3.796%)
9/28/2016 1:54pm

[dice1950] 28/9/2016 13:55

nice 32k buy getting bigger

[dice1950] 28/9/2016 13:30

At a profit of around $40 a tonne, he reckons the project could yield free cash flow in double digits within the next couple of years.


Capital Network's Catalano spells out potential of Harvest Mineral's Brazil project
Share


Harvest Minerals Limited's (LON:HMI) Arapua fertiliser project in Minas Gerais, Brazil is a "fantastic one", according to Capital Network analyst Sam Catalano.
Speaking to Proactive's stocktube team, he said the project should be coming into production later this year.

Among its credentials, it is a very low capex start up, costing only up to $400,000 to get going, he says, since it's a case of simply digging the potash up from the ground and putting it on a truck.

It will be able sell the fertiliser at around $50 per tonne, while operating costs are less than $10 a tonne.

At a profit of around $40 a tonne, he reckons the project could yield free cash flow in double digits within the next couple of years.

The analyst added that Brazil was a faster growing market for fertiliser than the rest of the world.

[dice1950] 28/9/2016 13:19

on the move now soulsouce 20p+ will be swift for starters much bigger tgts for me here

[shakeypremis] 28/9/2016 11:45

I seem to be able to get a quote for circa 30k shares without an issue (at the moment at least). I obviously don't know how you'd get on trying to buy more than that in one go however.

[soulsauce] 28/9/2016 11:27

Cheers dice.

[dice1950] 28/9/2016 11:25

Soulsauce dont know about a seller but you can sell loads way over and buy very little quantity tells me there aint much around either way its an unfolding story and a big 1 at that

[soulsauce] 28/9/2016 11:16

isa I would keep a watching eye for buying opportunities as it looks like we may still have an insti selling and some overhang with warrants.

Other than that I have not seen such a great opportunity in along term to build a position in a company on the ground floor with massive upside over the next 12months.

Do some research and watch the recent interviews, especially the one with the analyst and I am sure you will like what you hear and see.

Right place, right product, right time.

[isaready] 28/9/2016 10:46

Looks like I missed the rise. Just wondering what are peoples views on this one, current form, it's current rise and potential news flow over the next 12 months?

[soulsauce] 28/9/2016 10:35

There probably is shakey, I think may be the warrants and may be Milton still selling down but allows us to accumulate at low prices.

[shakeypremis] 28/9/2016 10:32

Lot's of buys today. There must be some selling going on in the background as the price has dropped a small amount from this morning's high.

[fission453] 28/9/2016 09:43

Massive potential on here now!

[dice1950] 28/9/2016 08:58

how SXX is more popular is incredible cash rich from production imminent and fully funded on a cheap project cant stay here forever

[soulsauce] 28/9/2016 08:56

Amazing how this company is so under the radar. The company is doing everything right, no unnecessary raisings, regular updates, building the easiest parts of the company first to gain near term income with big assets on the back burner for the future.

[mr roper] 28/9/2016 08:09

all looks to be on track then. Nice update.

[soulsauce] 28/9/2016 08:05

The original drilling at Arapua was for 25 holes to prove up over 800kt of fertiliser product.
This plan for 35 on the same basis could prove up another 1.2Mt. Of course we don't know the spacing or the planned depth so could be much more.

I like the fact that they are already talking of increasing production.

[dice1950] 28/9/2016 07:52

Harvest Minerals readies drill programme at Maximus deposit

07:29 28 Sep 2016
As the company advances towards trial mining, a 35 hole programme is planned so that Harvest can grow the Maximus phosphate resource which will support a longer mine life and higher production rates.
Maximus - a gladiator helmet
New drilling aims to expand the Maximus deposit
Harvest Minerals Limited (LON:HMI) has told investors it is preparing to start a new drill programme in the Maximus area within the Arapua fertiliser project in Brazil.

A 35 hole programme is planned with a view to increasing the size of the project’s phosphate resource, to support a longer mine life and higher production rates.

The company also wants to start defining the full extent of the deposit, after deciding to pursue a production operation based results from just a small area of the deposit (which was sufficient to justify the initial phase of the project).

Preparation work is now underway on the planned drilling locations, and the drilling contactor is due on site by mid-October.

The drilling itself is expected to last for 25 days.

Harvest Minerals has also noted that infrastructure work is now underway, and civil works started recently. It added that the infrastructure contractor has broken ground at the site, and it has started to remove topsoil from the planned stockpile area.

Works on site have included fencing (to keep livestock out of the project), and the civil project will also include the removal and stockpiling of the overburden from the planned open pit.

This phase of work is expected to last 30 days and Harvest Minerals expects to have received its permit for trial mining by the time the work is done.

"We are very pleased with the progress to date,” said Brian McMaster, executive chairman.

“The completion of these initial civil groundworks is expected to coincide with the award of the trial mining permit, allowing us to start production around the end of October, well ahead of schedule.

“Meanwhile, the drill programme should allow us to increase the size of the resource enabling us to demonstrate long term supply to potential customers."

[dice1950] 28/9/2016 07:26

busy and exciting times as we rerate soulsauce