Horizonte Minerals Live Discussion

Jitter 19 Dec 2016

From Trader Tim today... Horizonte, a company that I regularly bang on. I do hold stock in this company. Horizonte announce the issuance of a Request for Proposals to engage consulting firms to prepare a definitive Feasibility Study.This announcement comes following a successfully undertaken pre-feasibility study. The pre-feasibility study confirmed the low capex of the project stating it will be: Òon the lower range of the global cost curveÓ, while proving high-grade Nickel. The project is expected to generate $1.3 billion in free cash flow over LOM at $12,000/t. The company also has assembled an impressive array of intuitional investors.The company have issued RFPs to a range of Engineering firms. Tender will close in January 2017 with work due to commence in February 2017."We are confident that the project milestones going forward are well aligned with nickel fundamentals. 2017 will be a very active year for the Company and we look forward to keeping the market updated with our progress".

Fools Like Us 04 Oct 2016

Pre Feasability study now available [link] Robust economics based on a 28 year life of mine (‘LOM’ producing ~14,500 tonnes per annum (‘TPA’ nickel in ferronickel from a single line Rotary Kiln Electric Furnace Plant (‘RKEF’ Post tax NPV8 of US$581 million at a nickel price of US$14,000/t and an NPV8 of US$328 million at US$12,000/t Ni Post tax IRR of 26.4% at US$14,000/t and 19.3% at US$12,000/t Ni Project is expected to generate US$1.3 billion in free cash flow over LOM at US$12,000/t Ni High grade ore with average nickel grade of 1.96% for the first 10 years of production Project on the lower range of the global cost curve with C1 cash costs of US$3.15/Ib Ni (US$6,948/t Ni) 43-101 Proven and Probable Mineral Reserve Estimate of 24.6 Mt grading 1.77% NiCommenting, Jeremy Martin, Horizonte’s CEO said, “We are pleased with the positive results from the PFS delivering a post-tax NPV of U$328M and IRR of 19.3% based on a long term nickel price of U$12,000/t. If we use the bank’s consensus mid-term nickel price of US$14,000/t, the NPV increases to US$581M with an IRR of 26.4% showing the significant gearing that is available with any future increase in nickel prices. Importantly the PFS demonstrates that the Project is cash flow positive attoday’s nickel prices which puts Araguaia within a limited group of global assets that are considered viable in the current low price nickel environment.“Our low-cost acquisition of the adjacent nickel project from Glencore was a game-changer for Horizonte. ThevalueisdemonstratedinthisnewPFSwhichnowhasanoverallgradeforthefirst10 years of mining averaging 1.96% nickel and the LOM grade over 28 years averaging 1.77% nickel which places the Project firmly in the upper quartile of the global grade curve for this type of deposit. The Project is expected to generate US$1.3 billion in free cash flow over the LOM with the planned operation producing around 14,500 tonnes per year of nickel in ferronickel at a grade of 30% utilising the proven RKEF process.“The next major milestone in the development of Araguaia is the Feasibility Study which we anticipate starting in 2017. In parallel with this we will be looking at the development funding options available as well as offtake partners. We believe that the timeline for the development of Araguaia is well aligned with the market’s expectation of an increase in nickel price over the mid-term. Future demand looks robust with predicted growth running between 2% and 4% this year and demand is anticipated to outpace supply, ensuring that Araguaia is a compelling project to generate value for shareholders. This, combined with strong economic fundamentals, confirms that Araguaia is well positioned to be one of the next major nickel projects to be developed and we look forward to providing updates as we advance the Project through Feasibility.”

Divmad 29 Sep 2016

Re: new PFS soon I can't see how it will be "compelling" until we have documented evidence to support HZM's claim that costs are in the lowest quartile globally.

Euro Chess 29 Sep 2016

new PFS soon This is starting to look like a compelling story, while the valuation per pound is still very low.As soon as the nickel market starts to pick up, which looks like it may have already started, this will re-rate.we'll learn about the combined project economics fairly soon, this quote is from the last RNS: "I look forward to updating the market with results from our new Pre-Feasibility Study which is due imminently." Jeremy Martin CEO

Fools Like Us 17 Aug 2016

Re: FinnCap target 15p... Not surprising to think that in buying shares of the company that bought with perfect timing Glencores divested asset - after all they had spent $80m & sold to Horizonte for a coupleOf million and some shares - best for both party's.As this goes forward and the project is integrated with HZM's own holdings - don't be surprised to find this asset re visited by either Glencores themselves, or, another major miner.It's a massive holding of well over 100,000 hectares ( times 2.2 for those still in acres!) alreadyproven up a lot of area & expect a decent resource and maybe a Partner to join in this, one of the last giant Nickel projects.The play here is on the Nickel price, and attractiveness to Miners as conditions normalise( ish)Certainly at present with some environmental licences coming in the Management are doing the right things, expect a few people to visit the project & see a bit of the Olympic atmosphere in Brazil. Good timing. See : [link] your own research & see what you thinkFLU.

Jitter 15 Aug 2016

FinnCap target 15p... FinnCap reaffirmed their corporate rating on shares of Horizonte Minerals Plc (LON:HZM) in a research report sent to investors on Tuesday. FinnCap currently has a GBX 15 ($0.20) price target on the stock.[link]

Jitter 15 Aug 2016

From Mining Capital... [link]

hethersett62 08 Jun 2016

Great progress today [link]

Simbr 08 Jun 2016

environmental licence finnCap published a note this morning, this is taken from Research Tree: "Horizonte has has announced that it has been granted a Preliminary Environmental Licence for the proposed mining and beneficiation plant for its Araguaia nickel project in Brazil. The licence has been issued by the Pará State Environmental Agency and demonstrates the continuing approval by the Brazilian state for the project. The Araguaia project is seen as a key driver for the economic development of the southern part of the state of Pará."

Simbrad 08 Jun 2016

finnCap published a note this morning, this is taken from Research Tree: "Horizonte has has announced that it has been granted a Preliminary Environmental Licence for the proposed mining and beneficiation plant for its Araguaia nickel project in Brazil. The licence has been issued by the Pará State Environmental Agency and demonstrates the continuing approval by the Brazilian state for the project. The Araguaia project is seen as a key driver for the economic development of the southern part of the state of Pará."

Simbrad 08 Jun 2016

SP Angel's note out this morning, pulled from Research Tree: "Horizonte Minerals reports that the Environmental Agency of Para State has granted a Preliminary Environmental Licence for the mining and treatment plant at Araguaia. The Preliminary Environmental Licence signals that the State authorities are supportive in principle to the development of Araguaia, however there will be a number of further milestones along the route to development. The release of the updated PFS in the second half of this year is likely to be an important step towards the Definitive Feasibility Study required for the next regulatory step – the Installation Licence."

Jitter 21 Apr 2016

Nickel price on the up... [link]

Fools Like Us 08 Apr 2016

Horizonte video interview Like the look of the project.[link]

Fools Like Us 08 Apr 2016

Re: MasterInvestor 4.4.16 Hi, like the fact that Horizonte is a pure Nickel play, it's Nickel is valued at 1 cent in the poundin situ. So, basically a very cheap option for Nickel - particularly as others have pointed out the obvious advantage of having bought Glencores project next door to make a genuine Tier 1 project - getting it at cents to the dollar a really amazing deal if it plays out ok.Other projects sold at somewhat higher prices in situ!Volume and money flow moving & heading up to 200 day ave.FLU.

Jitter 06 Apr 2016

MasterInvestor 4.4.16 Horizonte Minerals (AIM:HZM) has long owned an apparently attractive nickel resource in Brazil, its development restrained by a nickel price down by 2/3rds since 2011, although the project economics have been completed and it only awaits funding. Alongside it is a similar resource developed to a more advanced stage by Glencore who having spent some $75m on it has now (due to its own troubles) sold it to Horizonte for a knock down $2m in shares initially and only another $8m once it gets going. HZM is itself valued at a knock-down £12m, and given that McKinseys only recently thought that base metalsÕ demand supply balances are bound to turn towards a deficit soon and that Capital Economics has stated that ÒÉwe think that the pieces are falling into place for a significant rally in the price of nickel in 2016Ó, you might see HZMÕs long share price decline begin to turn during the coming year.