Harvest Minerals Share Discussion Threads

[pilot48] 12/8/2016 23:31

No worries. It's interesting with other Brazil focused companies that they have gone awry due to financing and developing large projects straightaway (example of one company below). Beauty of HMI is they're taking a bitesize approach with the trial mine and reaching the producer phase much earlier than their peers.

hxxp://mbacfert.com/news/news-details/2016/MBAC-Fertilizer-Reports-FY2015-Results/default.aspx

[serratia] 12/8/2016 23:18

Thanks pilot will keep investigating.

[pilot48] 12/8/2016 22:17

Would suggest a canter through the recent HMI releases as well as the interviews they have done on Proactive Investors and Sharepickers. Can't really look at the numbers from other companies and suggest they apply here when the company are setting out their own numbers for investors to analyse.

[pilot48] 12/8/2016 22:11

The project benefits greatly from being located in the Brazilian Cerrado, the most robust and expanding agricultural region in Brazil. Combined with good existing infrastructure at and in the vicinity of the Project, including easy road access to established regional towns of Patos de Minas, São Gotardo, Araxá and Uberlândia, transportation costs for the product are significantly reduced.

[pilot48] 12/8/2016 22:10

All in production costs are $7.34. Sale price is not confirmed but RNS considered NPVs based on sale prices from USD15-115m. Beaufort estimate $30. It's a simple mining operation and done on a small scale. DANF isn't a standard product so can't use Du Solo's numbers as it depends on the type of product Harvest sell. I would focus on the numbers in the scoping study and from upcoming newsflow.

[serratia] 12/8/2016 21:21

Some thoughts - Andrbrea started me doing some digging.

Looking at other Brazilian producers.
Vale are taking a hit on fertilisers in Q1 with EBITDA down to 6.9%.Potash prices under pressure. Prices down to $208/ton.
Dusolo made a loss of $1.2m on $1.1m sales at the half year. One of their claimed advantages is that their mine is in the middle of the agri areas so transport costs minimalized. At the present selling price transport costs would be significant.

[goodbloke1] 12/8/2016 19:57

Babbler.You sure they are buys.From the time and nearby trades they look like sells ?

[babbler] 12/8/2016 16:23

2x100k to add to the one earlier..

[pilot48] 12/8/2016 14:48

Less if you factor in management shares

[h2owater] 12/8/2016 12:23

58,427,333 Shares (equivalent to 62.3 % of the Company's issued share capital) which are not in public hands (as defined by the AIM Rules)

[pilot48] 12/8/2016 11:50

Ignore miahkaysor, that $300m value is a complete lie. Sergi/Capela have NPVs in that region but Arapua is the primary focus right now.

[h2owater] 12/8/2016 11:43

There is significant upside to the project both in terms of the current resource and potential to expand the planned initial production with the project ideally located in the prime agricultural Cerrado region where fertilizer demand is high. We expect to be able to refine and improve on the numbers presented in the scoping study and we are in the process of appointing contractors to carry out the mining and processing, which could significantly reduce the initial CAPEX requirements and potentially reduce these already low OPEX costs even further. We are busy working towards first production later this year and whilst our trial mining permit application is being processed, our technical team and consultants continue to conduct further test work including an agronomic study, the initial results of which we expect to receive during the current quarter."

[miahkaysor] 12/8/2016 11:39

ARAPUA ALONE $300M!!!!

[miahkaysor] 12/8/2016 11:37

UNDERVALUED STOCK!!!! ONLY 8M MCAP!!

[babbler] 12/8/2016 11:32

Lol cez lol

[miahkaysor] 12/8/2016 11:29

15p today minimum

[cezary2] 12/8/2016 11:27

pump and dump?

[aimsharesone] 11/8/2016 05:22

Harvest Minerals (HMI) rocketed 30 per cent
11th August 2016

[ryan83] 10/8/2016 20:05

Oh vale are watching don't worry about that

[pilot48] 10/8/2016 17:06

Based on Sharepickers podcast, the intention seems to be for HMI to go it alone and once everything is proved up then force the issue and present themselves to Vale as a takeover target.

[ryan83] 10/8/2016 16:52

This should be way north of £7m mar cap imo

[ryan83] 10/8/2016 16:51

NPV in the range of $15-21m for arapua just for 3% of the licence area aswell. Repeat the studiesand production over the whole licence = $??

Also note from the arapua jorc IT mentions 3mt directly under the near surface aswell - this is all only 3% of the licence area.

So 3.8mt on 3% of the area = how many tonnes over the whole licence? Management reckon all over - they have been right so far!

[ryan83] 10/8/2016 16:48

HMI have spoken to Vale already. A tie up is a question of time. When comfirmed this is off to the races - and HMI will still arapua and sergi which in itself has an NPV of over $300m!