Horizonte Minerals Share Discussion Threads

[cf456] 27/12/2017 22:37

Finished up 17.6% on TSX



Highest close in years

[twigs3] 27/12/2017 17:30

Interesting .10 paid on tsx = 5.9!

[johncb] 27/12/2017 08:36

Just topped up It's showing as a sell !!

[strow] 27/12/2017 08:27

Bizzare sells way below bid

[jailbird] 24/12/2017 17:54

Great info chaps..nice one Strow:-)

I may just semi-retire if this ones comes up as we hope.

GLA in the New Year!!

[uapatel] 24/12/2017 17:43

Many thanks Strow.

[twigs3] 24/12/2017 17:11

Thanks strow

[ronconomics] 24/12/2017 16:12

Thank you Strow. Happy Christmas. See you on the other side.

[strow] 24/12/2017 16:08

Looks like we really have acquired another great project for a bargain price

[strow] 24/12/2017 15:59

Well....Amazing-here it is 1/Vermelho will be developed on a smaller scale than Vale had planned 15-20,000 tonne a year operation as opposed to 46-60,000 tonne so there are very different economics for this reason 2/It is not relevant or useful to use the historic feasibility study as a benchmark as the inputs for the smaller operation will all be very different 3/Lots of useful data has been gained from the previous feasibility study 4/The scoping study will determine the right mineral process route for a 15-20,000 tpa Ni (with cobalt) operation for the lowest capital costs 5/There is potential for high grade saprolite ore to be trucked to Araguia6/It is possible that the best way forwards is another RKEF plant which Vale looked at before their heap leach option,or a nickel matte operation which would allow recovery of cobalt.A leach process will also be studied with the large limonite resource.Happy Christmas chaps :-)

[twigs3] 24/12/2017 12:44

hxxp://palisade-research.com/mike-beck-battery-metals-part-3-nickel-is-the-next-big-energy-metal/

[uapatel] 24/12/2017 09:52

Good to hear that Strow, please let us know any feedback you get. Thanks.

Like many here, I find that with aim stocks, you really do need good sound management with skin in the game. So when we've just had a placement and a director buys in the open market at a health premium to the placing, that is worth noting.

Will be good to see who picked up the placing shares in RNSs soon.

[mattjwhity] 24/12/2017 09:06

https://m.youtube.com/watch?feature=youtu.be&v=X_nAp9gPMqUExcellent panel on junior mining companies in case u missed it from recent mining conference

[strow] 24/12/2017 08:56

Looking back again at the media podcasts I am convinced this is real and viable maybe with a different processing option to that originally proposed by ValeIt would have been very nice to have more details from JM to date given the question marks,but a lot of it comes down to trust at this stage and I do trust our board.Can't find any more negatives at the moment so I'm in "good to go" mode again I'll make some enquiries

[salmonn1] 23/12/2017 21:00

Who knows strow Vermehlo might add another five years at 2‰ plus or make a second line more feasible? JM is talking about a scoping study, presumably to look at this sort of thing. The drill results must give the board a pretty good idea what's possible irrespective of the past history.

[strow] 23/12/2017 20:50

Have to trust that in our board that they know what they are doing and have a decent plan and are spending our money wisely

[strow] 23/12/2017 20:47

Thanks all,some very good points and research there Clearly it's going to take more time and questions to the company to try and understand what this will really mean As you say salmon1 JM did mention some high grade from Vermelho in one of those podcasts and that could be trucked to Araguia-the GAP high grade made a big difference to the economics for that project

[salmonn1] 23/12/2017 20:34

Getting a licence for heap leaching and tailings dams might be tricky compared to RKEF.

[donalddonald90] 23/12/2017 19:43

Hallo everybody, merry Christmas. Long term holder, and have followed this forum for some time. Finally got round to signing up. Have looked through some Brazilian articles and the following link is an interesting read. You´ll have to run it through google translate:-

hxxps://valeqvale.wordpress.com/2012/06/19/inicio-da-exploracao-do-niquel-em-carajas/

It seems that Vale have very bad relations with the Para state government who have been dragging their feet over the environmental license. This could very well be the reason Vale have given up on it. I have had some dealings with IBAMA the Brazilian environmental agency and if they take a dislike to a company they can pretty much shut you down. Fortunately it seems HZM have good relations with the state government and I expect Jeremy is confident they can get the licensing.

[gary1966] 23/12/2017 17:46

Remember the bulk of the purchase price only gets paid when they start producing. If it is uneconomic then they won’t produce and won’t pay. That is the particular beauty of this deal. Small commitment/risk for potentially a very profitable mine IF the commodity prices go the way most people seem to be expecting.

Happy Xmas and a healthy New Year to you all.

[salmonn1] 23/12/2017 16:41

I expect there's some 3‰ nickel in there somewhere. HPHL is not going to be the preferred process route, it's likely to be some kind of low tech arrangement, less capital intensive. But you're right strow there are a lot of unknowns. Best case scenario is the synergy with GAP and Araguaia make Vermhelo better with HZM than stand alone with Vale.

[uapatel] 23/12/2017 16:38

Strow, interesting and fair point.

I must admit I'm no expert so you're query got me thinking. The Nickel price was higher as you say in 2008, but way off a peak.

A few of thoughts on my part.

If you're looking to spend money on developing 'ONE' of your Nickel fields you would be looking no doubts at spending a chunk of money , better to do it in a rising market. We were coming off the highs then.

The GFC was in full swing by 2008, probably not the best time to spend money. Maybe better to let the market settle before looking to raise debt or think of spending cash.

Looking at HB's graph on Nickel warehousing (granted only goes back to 2012) but does show stock build up till recently, so another reason not to develop the asset.

Vale are looking to restructure there business and looking at their assets in play (see their Investor presentation in NY held earlier this month)

hxxp://www.vale.com/EN/investors/information-market/presentations-webcast/PresentationsWebcastsDocs/Transcript%20Vale%20Day%202017.pdf

Did also check what is a Teir 1 asset as see why would you get rid of it and came across this article.

hxxp://www.miningnews.net/resourcestocks-top-stories/minings-tougher-tier-one-test/

Not sure if any of this eases your concern, but gave me a bit more insight so thought I'd share my thoughts.

Anyone in the business who might be able to shed light on the matter

[ayesha4] 23/12/2017 16:30

strowEveryone thinks theyve got it at a steal and its economic. They wont spend 7m otherwise. Im sure we will get the specifics soon.

[strow] 23/12/2017 15:51

Its always always the information that is missing that one has to look out for.

[strow] 23/12/2017 15:41

Dont normally do this,but I have a few concerns

hxxps://www.theglobeandmail.com/report-on-business/rising-costs-prompt-vale-to-rethink-vermelho-plan/article657855/

I find it quite annoying that nowhere on the internet is the original vermelho feasibility study available to view and the only press release that Vale put out in 2005 regarding it was the one that was dished up to us in the acquisition announcement.
This basically means we have absolutely no idea at what nickel price that study was based and at todays nickel price it may be completely uneconomical for all we know.
The nickel price in 2008 when Vale made the decision to indefinitely shelve the project was way North of where we are now.

All very odd...............