Horizonte Minerals Share Discussion Threads

[cantrememberthis2] 25/7/2017 10:52

300K loaded.
200k shares to go.
GLA
Nickel moving up nicely.

[cantrememberthis2] 25/7/2017 10:09

My extra 116k+
Good luck all

[strow] 25/7/2017 08:14

Thanks guys-some good stuff there

[cantrememberthis2] 25/7/2017 07:59

I am certainly a fan of Horizonte, traded this 2-3 years back.
Steered clear until I heard about the Glencore and £9m raise.

Looking at the trend linees... 6p looks sweet.

[jailbird] 25/7/2017 07:57

What is the AISC ? AISC is defined as C1 plus general and administrative expenses, capitalized stripping, sustaining capital expenditures and royalties.C1 costsNet Direct Cash Cost (C1) represents the cash cost incurred at each processing stage, from mining through to recoverable metal delivered to market, less net by-product credits (if any). The M1 margin is defined as metal price received minus C1.? Direct Cash Costs cover:- Mining, ore freight and milling costs.- Ore purchase and freight costs from third parties in the case of custom smelters or mills.- Mine-site administration and general expenses.- Concentrate freight, smelting and smelter general and administrative costs.- Matte freight, refining and refinery general and administrative costs.- Marketing costs (freight and selling).

[cantrememberthis2] 25/7/2017 07:52

Target = 6p medium term.
Trader... Not looking to stay here for too many months.
6-12months.

[jailbird] 25/7/2017 07:51

Or are you an investor ?I would not buy on Nickel prices alone

[jailbird] 25/7/2017 07:49

Good luck trader

[cantrememberthis2] 25/7/2017 07:48

Nickel looking poised to regain $10K/t on LME.

Good luck - will add today.

[jailbird] 25/7/2017 07:35

So C$0.15 is 9p

[jailbird] 25/7/2017 07:30

So from buy to speculative buy

[cantrememberthis2] 24/7/2017 20:54

Might be time to add tomorrow, Ni up 2% and on a rising trend.
Quietly loading pre-DFS.

[cantrememberthis2] 23/7/2017 12:13

Salmon that's my hunch that c1 costs will be massively lower as too break even!
Will add more next week or two pre Sept up swing.

[salmonn1] 23/7/2017 11:11

The company have always been very conservative with their figures so as not to promise more than they can deliver. I have a feeling that the estimate of ten years of nearly 2% nickel will be increased, the C1 will be lower and savings will be made on the current capex projection when the bfs comes out. Listen to Owen Bavington explaining why HZM is a world class asset. It will get developed or sold for a good return/price.

[cantrememberthis2] 23/7/2017 10:23

Quietly confident on this particular stock.
Its got great II support and it also has cash in the bank.
Nickel price isn't everything if off take agreements are in hand.
Might well be bought out well before financing IMO.

[twigs3] 22/7/2017 13:19

C1 costs just under £7000 per ton
£12000 = about £350m npv

[mogwhy] 22/7/2017 13:11

The breakeven nickel price for this project is $9426/t.
The mine won't get financed until the price is well north of that.
I think the projections were based on $12,000/t.
Spot price yesterday was $9555.
This mine will get built, but be prepared for a delay between the BFS
and the financing.
There won't be much upside in the shareprice until the market sees some certainty
going forward.

[cantrememberthis2] 22/7/2017 09:02

Added another 100k @ 2.31p
Will keep adding.
Have 200K now.
Wanting 500K but will add on weakness.
BFS this year and share price sinks PMSL, seems 3.5p buyers and main Institution quietly selling.
Bonkers.
6p target.

[salmonn1] 21/7/2017 18:56

Enough to fully fund the bfs with some left over.

[maverick247] 21/7/2017 10:10

Found it £9m at end 2016

[maverick247] 21/7/2017 08:24

Thx alot and any idea/estimate of cash position? Assume bfs fully funded?Thx

[strow] 21/7/2017 08:23

tax selling

[salmonn1] 20/7/2017 19:59

Hi mav, the bfs is due at the end of the year, although I wouldn't be surprised if it slipped into the beginning of Q1 2018. It's promised to be the complete package with which the mine can be built and put into production.