Horizonte Minerals Share Discussion Threads

[strow] 29/12/2015 20:31

$3.64-JM stated C1 cash costs of $8,000/tonne in proactive presentation

[twigs3] 29/12/2015 19:29

Jailbird, think it was 4.16 usd ? However I think this will drop dramatically with the new combined project? Stab in the dark 3.80 usd.

[jailbird] 29/12/2015 10:39

Some analysts believe we have are near the bottom, if not already.
However the article still reads we are still a long time from the heady $20k Nickel prices.

I cannot remember HZM's breakeven Nickel price?

[salmonn1] 24/12/2015 15:19

Have a good Christmas chaps.

[strow] 24/12/2015 10:42

Thanks Raymund

[raymund] 23/12/2015 16:20

2016 will be a critical year for HZM with much newsflow expected; we need share price to firm prior to first payment in shares to Glencore. I will be greatly relieved once the revised PFS for combined asset is published.

Despite all the gloom surrounding resources, it is good to see that some believe the present opportunity is too good to miss. SHARES Mining supplement today quotes Metal Tiger ".........history has shown time and again that a recovery in the resource sector can be fast and furious."

Patience and good luck to all and Happy Christmas!

[strow] 17/12/2015 21:32

bloody canadians wont sell their stock for nothing-most annoying

[jailbird] 02/12/2015 19:17

I would love to think there is a correlation between LME levels and the price of Nickel. I was looking at zinc, a while ago.
Unfortunately, it is not always the case, low LME levels do not transpire into higher prices, and certainly if they do, it can take some time



Even though I still believe. I will eventually like to add to my holding, but in no hurry.

[strow] 02/12/2015 08:37

Nice everest like peak now on lme

[jailbird] 01/12/2015 21:55

Brazil in depression...the economy is in a dire place

[strow] 27/11/2015 20:46

hxxp://www.afr.com/business/mining/copper/nickel-drops-despite-chinese-plan-to-cut-output-by-20pc-20151127-glaaee

[strow] 27/11/2015 18:22

The global refined stockpile has reduced by 10% in just under 3 months and that is before china has run out of its higher grade indonesian ore.
Wont take long at that rate before the world runs out of refined Nickel altogether
whats 10 x 3 ? .................

[strow] 27/11/2015 08:14

For me its a 30 year story,so no worries :-)

[salmonn1] 27/11/2015 00:11

Not sure what to make of the China reports. Sounds like the NPI producers lobbying for gov't price support. If so indicates low prices are starting to hurt. Not sure how it will support prices in the medium term unless the gov't puts the nickel beyond use. Short of dumping it in the sea the nickel will still be part of the global stockpile.

Strow, JM said several times this is now a three year story. So there may not be much progress in the short term.

[boadicea] 26/11/2015 22:43

Proactive provide this link which may interest some here -

www.proactiveinvestors.co.uk/companies/news/119763/horizonte-moves-smartly-towards-feasibility-at-araguaia-119763.html

I cannot post it as a direct link, so just past it into your browser.

[strow] 26/11/2015 17:17

shhh-dont tell them all-good isnt it
stuff more into next years isa allowance in april hopefully at these low prices

[haydock] 26/11/2015 09:55

Much appreciated reports.


JM on where investment will come from, Private Equity Firms now approaching HZM, European banks showing interest.


Now the mkt clearly has not priced that into the share price

[jailbird] 26/11/2015 04:12

Yes thanks very much guys for taking the time to update us.Answered by questions.

[salmonn1] 25/11/2015 22:21

Hi Strow, Raymund said he will add his comments but he is away for a week.

[strow] 25/11/2015 22:13

Thanks a lot guys for the information-very helpful and very encouraging

[salmonn1] 25/11/2015 20:18

At HZM General meeting today. Resolutions passed to complete the Glencore deal. I'm not particularly good at taking notes but this is what I took away from the meeting.

JM The way HZM is developing is being dictated by the markets. Three years ago looking at joining the Glencore asset to HZM required a large investment, 18 months ago looking at £30m with £10m upfront. The deal agreed is a great deal for the company and an opportunity for HZM to make a massive base metal project. HZM now in the best shape ever.

The asset now 200m tonnes of nickel in saprolite ore which is globally in short supply. The first 10 years of production will have ore in excess of 2% giving scalability, meaning if another investor were to come in production could be raised from 15m tonnes/year to 50m/yr.

The pilot project better than anticipated, exceeding expectations. Pointed to video showing this is an industrial process, proving high grade metal can be produced in bulk not just in the laboratory.

New PFS (I think next six months) to integrate two companies. New PFS will show lower capital costs. Existing PFS shows figures based on circa $19/tonne, cannot raise $500m in current market at those prices. New PFS will bring that figure down (think to 14/15 $/tonne).

JM on where investment will come from, Private Equity Firms now approaching HZM, European banks showing interest. Brazilian banks not at the moment but might come back in a couple of years. There is no point rushing to market if there are no buyers. HZM are funded for the next two years, this is a three year story.

The impression I got as someone who is not well versed on the financial aspects of this is that HZM has been able to adapt quickly to rapidly changing market conditions. Has seized opportunities where possible and continues to keep the project moving towards the goal of a working mine. I look at the caliber of the team and that impresses me.

Other comments, we are now looking at possibly the second largest undeveloped saprolite mine globally with a LOM of 80 years. Low nickel price will take production out of the market. Iron ore still $20 a tonne above production costs, nickel price way below cost of production for many.

I came away feeling HZM is being managed as well as is possible in difficult circumstances. I think the outcome will be a working mine paying a dividend with a share price to match with the usual caveats about global markets etc.

[raymund] 25/11/2015 19:54

Brief report from GM since away tomorrow, salmonn1 there too and probably report more comprehensively!

First, finnCap have a new DCF analysis out for combined resource dated 28/9/15. Target unchanged at 15p.From JM's presentation, GLEN deal compares with previous approach when they wanted total $30m with $10m upfront.
With recent pilot, there were no flaws and performed better than expectation.
Ni at 8 yr low and could take 3 year to realise full investment potential. Project is massive, 200 to 239m t, tier 1 assett.
Cash now £3.2m, no debt, funded two years.
Late Q1 2016 to update pfs for combined assett and to give numbers to talk finance. Currently, this likely to be private equity (lot of interest around) Now, first 10 years will have 2% (previously 1.7%) Ni.
Environ permit delaty becayuse of team changes, now H1 2016

Out for now, more to follow from salmonn1?