Member Info for Chazzy2

Some market-maker manipulation going on today trying to encourage some selling. This is probably to free up more shares in anticipation of some large buys before the PFS.

I imagine that the PFS will be released prior to the AGM on the 25th March, so should be within the next 13 working days. I am still very surprised at how little BB coverage HZM is receiving in view of the potential of the company and the huge milestone this PFS could prove to be. Maybe that will all change over the next few days.

Good article in 'Shares' magazine this week stating that RFC Ambrian forecasts A$84 million pretax profit in the year to June 2015. That is nearly a third of BSE's A$244 million present market cap. Resource nationalism fears in Kenya have eased also which should bode well for future upgrades.

There is a small article in this week's 'Shares' magazine stating that the PFS should be a strong catalyst for a rerate. So as you say all looking good. Still quite under the radar at present but that will soon change.

It's gone eerily quiet again on the HZM board! Everyday that goes by is a day nearer to the PFS. I feel the bulls will jump out of the ring once they get a sniff of what it may have to offer!

The sp seems to have leveled off pretty much now so should see some more buying soon ahead of the PFS within the next 6 weeks.

Another AIM miner which looks extremely good value currently is SULA. Current market cap of £6m but a recent valuation by SRK has stated a minimum valuation of $35m /~£20m, based on its huge iron ore reserves and gold deposits in Sierra Leone. This is a very conservative estimate. SRK actually gave a max possible valuation of £200m. Forgive me if you are already a SULA shareholder as you will know all this already, but if you're not I feel this is too good an opportunity to miss out on.

Yes likewise, I've also been topping up ahead of the PFS. Considering the PFS is due in Q1 of this year HZM seems to be quite overlooked compared to some of the AIM mining companies which have dozens of posts everyday. A fair valuation for a nickel miner after a successful PFS is apparently about 7 cents per pound in the ground! Also nickel prices are rising as a result of the Indonesian export ban. So it's all looking promising.

The HZM forum is like double-decker buses - no postings for days (where does everyone go??) and then a flurry of chat and gossip all on one day. Hello... ground control to major HZM..... anyone read me.....over..?

“Consensus is that Nickel had reached the bottom of the price cycle, if you listen to market commentary around 50% of the producers aren’t making money at current [nickel] prices; all that does is tighten up the supply side plus the recent news from Indonesia will compound the situation” “There have been a number of projects that have gone on care and maintenance, or have shutdown altogether. “Our project is scheduled to come online in 2017, and it is at the end of 2016 that the main forecasting groups are predicting the switch in supply-demand dynamics, whereby underlying demand are expected outstrip supply. “The market is going to see nickel prices driven upwards, and that’ll be when we’re coming into the market place. But, even if it [the nickel price] remains at this level, we’re still making money with this project.” An important distinction between Araguaia and some of the nickel projects that have fallen by the wayside is the type of ore in the ground and Horizonte’s preferred processing methodology. For a lot of juniors with nickel projects, this is the point when many hit the stumbling block. Horizonte intends to use the rotary kiln furnace (RKF) process, which is a proven 60 year old technology. There are currently 14 RKF plants in operation, and the last two to be developed were actually in Brazil. Araguaia's RKF plant will produce ferro-nickel, a composite containing between 17 and 25% nickel. "What process you can use comes down to what type of ore you have. To use RKF you have to have transition ore and saprolite, and we’re very lucky that's what Araguaia's ore is. "The deposit is also on the upper end of the grade curve, and we have a proven process route." Looking forward, Martin emphasises that the completion of the PFS will be the initial priority and after some additional work the company will be ready to proceed with the bankable study in the latter part of the year." In terms of funding, Horizonte has £4mln of cash and zero debt, so it will have enough to complete the PFS and see it us through 2014.

Tightening nickel markets promise further support for the development of Horizonte Minerals’ (LON:HZM) Araguaia mine in Brazil, says chief executive Jeremy Martin. Although nickel prices have been in the doldrums of late, an Indonesian nickel export ban and Araguaia’s favourable characteristics actually point to compelling economic prospects for the new mine. Indonesia is the world largest producer of nickel ore, but last week its government called a halt on shipments of unprocessed ore shipments. Coming at a time when many nickel supplies are being stretched due to loss making operations, it has provided a boon to the sector as a whole. “The ban on direct shipping nickel ore from Indonesia is a major game changer to the nickel market,” Martin says. Aside from the short term price impact, there are more significant implications of the ore ban, as Martin explains that it will take time for Indonesian operations to develop their own processing facilities. And even once they are built Martin believes the costs will be higher than currently seen in China. “This is all positive for mid to long term nickel prices.” According to Martin, Horizonte is “ideally placed” to benefit as Araguaia advances through the mine development process. “We are one of the only junior companies developing a significant nickel project with proven process route in a region with good infrastructure and we look to exploit this position.” In the more immediate future the completion of a prefeasibility study for the Araguaia project in the first quarter of 2014 provides the near term catalysts for the AIM quoted mine developer. Work on the study formally began on the Brazilian nickel project in August 2013, after the company had drilled out over 30,000 metres and defined more than 20 years worth of resources. When the study is ready, the company will be hoping that it confirms the ‘in house’ belief that Araguaia is set to become Brazil's next big nickel project. It will assess two possible development routes; one with a twin-line 2.7mln tonne a year plant, the other a smaller 900,000 tonne a year plant. Chief executive Jeremy Martin says the latter could be financed and developed solely by Horizonte, while still delivering "compelling" economics. “The pre-feasibility study is a big de-risking milestone," Martin told Proactive Investors. “It’s coming out in the next three months, and I’d like to see a nice uplift in the share price on the back of that.” “I would say now is a good time to look at Horizonte if you want exposure to nickel.” “Consensus is that Nickel had reached the bottom of the price cycle, if you listen to market commentary around 50% of the producers aren’t making money at current [nickel] prices; all that does is tighten up the supply side plus the recent news from Indonesia will compound the situationR

There is no logic to these chat forums. I've also been following SULA I can honestly say that at present during peak times it is receiving posts at the rate of about one every three minutes, for several hours a day, every day...just incredible! Yet HZM which is also a likely multibagger with news this year which could totally transform the company's fortunes has until today not received any posts since Nov last year!

HZM appears to be very much under the radar, considering as you rightly say a PFS is due in Q1 2014. This could be transformational if all goes to plan as it will significantly derisk the project and should prompt a decent rerating. I'm going to drip feed extra cash into this one as the sp declines to hopefully pick up some real bargains!

SPA has been strongly tipped in 'Moneyweek' magazine this week (22nd Nov edition) as a play on the 'big data' revolution. Definitely worth a read.

I think this is one to be patient with. Copper prices have been falling recently which has probably affected sentiment, but because CAML's production costs are relatively low it still has good profit margins which bodes well. This is a relatively low risk play with production volumes likely to continue to increase, especially if the second production plant is built. Take a 2-3 year view on this one, and enjoy the generous dividend in the mean time!