Harvest Minerals Share Discussion Threads

[shakeypremis] 07/10/2016 15:16

where is this talk coming from Pathai3?

[pathai3] 07/10/2016 15:01

Talk of a big update on monday

[shakeypremis] 07/10/2016 07:17

From the article posted above:

"Pricing is yet to be determined but a similar (and inferior) product sells for circa $70/t in Brazil.

Arapua is located in a major agricultural region in Minas Gerais and local demand should be extremely strong, especially given the Arapua products potassium content and 90% solubility."

[...]

So this seems to suggest Harvest can get even more than the $50/t previously mentioned. Or is this price only achieved with processing to increase the products value?

[lastdrop] 07/10/2016 06:08

Harvest Minerals (LON:HMI) an unusual and attractive opportunity.
7th October 2016

The minuscule capex requirement and probable very high margin (opex < $7/t) makes Harvest an unusual and attractive opportunity. Harvest has appointed an agronomist to manage its ongoing and future ...

[fission453] 06/10/2016 21:54

Blimey these are cheap as chips!

[lastdrop] 06/10/2016 21:43

Harvest Minerals Limited’s (LON:HMI) Arapua fertiliser project in Minas Gerais, Brazil is a “fantastic one”
6th October 2016

[soulsauce] 06/10/2016 13:09

Thanks lastdrop

[lastdrop] 06/10/2016 13:07

sharesmagazine HMI

We
think there’s more to come.
Beaufort has a 32p price target implying
72% further upside from the
current share price. We share
this bullish view

[brutus8] 06/10/2016 09:47

soulsauce. The less said the better. Mood & sentiment has consequences.

[soulsauce] 06/10/2016 08:50

Thanks dell might have to purchase a copy.

[dell1234] 06/10/2016 08:48

2 pages on Harvest in new issue of Shares mag hTTtp://www.sharesmagazine.co.uk/article/harvest-sows-seeds-for-big-returns

[soulsauce] 06/10/2016 07:53

sja123 clear to me too.

[sja123] 06/10/2016 07:39

All seems clear to me...

"Harvest Minerals Limited ("Harvest" or "the Company") is pleased to announce that it has started infrastructure work in preparation of commencing open pit mining and additionally, the Company is preparing the drill pads for the start of a new drill programme at its Maximus Phosphate Project, located in the Brazilian state of Minas Gerais.

Infrastructure Work

Last week, the Company carried out a topographic survey and started fencing the lease area to keep livestock away from the project site. The contractor has now broken ground at the site and started to remove the topsoil from the stockpile area. The entire civil works, including construction of site access and the stockpile areas, as well as removal and stockpiling of the overburden from the planned open pit, is expected to take approximately 30 business days to complete. By this time, the Company hopes to have also received the Trial Mining permit.

Drill Programme

The Company has also started the preparation for a new 35 hole air core drill programme at the project. The aim of this drill programme is to increase the size of the current resource to support an increased mine life and production rate as well as define the full extent of the mineralisation at Maximus. All the drill hole locations have now been surveyed and work on preparing the drill pads commenced yesterday. The drilling contractor is expected on site mid-October and the programme is expected to take 25 days to complete, after which the core will be sampled and sent for assay.

Please see the below links to selected figures illustrating the progress at site.

Executive Chairman of Harvest, Brian McMaster, commented: "We are very pleased with the progress to date. 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."

[soulsauce] 06/10/2016 07:18

Brutus did you not read the last update?

[brutus8] 05/10/2016 23:37

All this talk of fractions and assumptions isent really helping since no one here has looked at the phylosophy of the country.Let's start with the CEO on the proactive interview when asked about the share holders. He said " they have been rewarded already" ie those that got in at 4p .That meant; now let me get on with the job of getting this started.What does he face; for starters Brasil in no different than Tanzania, if you want things done you have to fatten the the breast pocket of the decision maker.What has been happening right now is the honey moon period where the future is shaped. The decision maker can be encouraged in two ways, direct brown envelope or use his own money to buy stock cheap. Try and remember that a month ago the CEO stated: the contractors papers are on my desk and so; either the diggers are already at work but we are not hearing about it until Mr decision man has loaded up or negotiations are still ongoing with regards to the decisive figure to get the go ahead.At this stage no one cares about the land owner or indeed us. The Gov official needs feeding first. That is how it has always worked and nothing will change that.I only hope that boomerang man gets this sorted before the US elections and I think we all know why.

[cyberbub] 05/10/2016 10:11

Yes that makes sense IMO

[jerseymike] 05/10/2016 08:29

Thanks YP, you have focussed my thinking.I have done more research and now think I understand why the word trial is used. Triumph Tin, wholly owned subsidiary of HMI, cannot begin "commercial production" until it pays US$1,000,000 to the land owner. The land owner will also receive 2% of the net trading profit (not company profit) as a "Net Smelter Return". Net trading profit means sales value less refining and transportation costs.We don't know what the land owner expects, if anything, from the "trial" mining agreement. I guess very little as they will want the $1m as soon as they can get it.So my assumption is that once the company has sold enough under its "trial" licence so it can afford to pay the $1m, it will be awarded the commercial license.JM

[shakeypremis] 05/10/2016 07:16

So basically, harvest will only lose 2% of their next profit with 50% of that 2% (1%???) going to the landowner. Have I read that right?

[shakeypremis] 04/10/2016 15:39

Just stick around Steven. There are good gains to be made here if everything pans out. No guarantees of course but seems fairly certain this company will do well, even with just the trial license there will be the opportunity to make some double, possibly triple digit percentage gains from today's price.

[shakeypremis] 04/10/2016 15:20

Charles, while I am not sure there are actually food shortages, if distribution and wastage were to be addressed, those concerns almost certainly won't be addressed so yes fertiliser is going to be required!

Besides most (if not all) the fertiliser from HMI is going to go straight in to Brazil as they are such a big importer of the stuff. HMI are probably never going to need to sell elsewhere (unless of course higher profits can be achieved selling overseas).