Member Info for dusterinmong

Based on my basic calculations a 40% equity element of the financing package funded at 8p would result in approx 3.65bn total shares in issue.  A 10p per share price post dilution would be a £365m market cap, 20p around £730m not an unrealistic valuation for a company that could throw off £150m pa just on asset 1.  In fact two independent broker notes already have pre-financing 14-21p price targets based on $13.5k and $15k nickel already.

The simple message here is, in my opinion, investors today at the current share price will likely see multiple returns on their investment and in a relatively short time-frame!

The ‘Eureka’ moment should have been in August 2019 when Orion Mine Finance paid $25m up-front for a 2.25% project royalty on just Araguaia.  This company would have exercised extensive due-diligence on the project, market and indeed Horizonte.  There is a distinct possibility they will back their investment up further by participating in the financing side too.

At £50m cap, sporting two tier 1 nickel assets (one construction ready), in what looks likely to be a rising nickel market with production in the sweet spot and diversification across the ferronickel and class1 nickel premium market, backed by a significant mining finance player, Horizonte for me is a stand out investment opportunity

Sorry was trying to copy the end bit with valuations ECT.

Horizonte Minerals Research Note

 

Horizonte Minerals (LSE:HZM)

01 June, 2020

@TheMoneySponge

Market Cap: £45M  (£17M cash)Key HighlightsLeading Nickel investment opportunityTwo tier 1 nickel projects in close proximity forming a ‘nickel district’3m tonnes combined contained nickel valued at $42bn in the ground (@$14k Ni)One of the largest undeveloped nickel inventory outside of the majors. With both projects developed Horizonte would be the 8th largest nickel producer globallyAraguaia project DFS complete, fully permitted and in financing stageVermelho project PFS complete targeting premium class1 nickel EV sectorOrion $25m royalty agreement on Araguaia secured 2019First production from Araguaia targeted 2022Nickel: It just makes good cents !

Anyone who has followed me on twitter will know that I have a big interest in the junior resources space, particularly smaller cap early stage mining companies. 

I've been invested in and followed  the Horizonte story for a number of years now and it's been a somewhat rocky ride thus far!

One thing I’ll say though, it's been like that due to the bumpiness of the market for junior resource stocks in general  and is absolutely no reflection upon the company.  

In fact  the company has just gone on about their business quietly and what we see now emerging is potentially one of the next globally significant nickel producing companies. Yep!

As covered in some of my other research notes such as the one on Armadale Capital who are progressing their world class graphite project, I’m very selective in the junior resources companies that I’ll invest in and for good reason.

Personally, I have to tick boxes such as management: who is running the company and managing my investment?  What is the quality of the assets, are they really as good as the company says or is it just good marketing? What is the macro back-drop for the resource, not just now but importantly going forwards?  I want my investment to grow and I'm aggressive with the returns that I want and I'll be patient if I think the rewards are significant.

I'm prepared to do the leg-work and if I’m writing a research note on the company you can be sure I've ticked all my boxes.

Anyway enough rabbiting, let's talk a bit more about Horizonte then...

About Horizonte

Before I start, I suggest you visit the Horizonte Website at some point as you can glean more info about the company and its projects there. It’s one of the best junior resource websites I have seen with clear info on the projects and company.

So, the company led by CEO Jeremy Martin have been progressing their two tier 1 nickel projects both of which they acquired pretty much at the ‘bottom’ of the market. By the bottom I mean while nickel has been trading at multi-year lows. I’ll touch upon the nickel market briefly a bit later on.

I've had the pleasure of chatting to Jeremy and his team on a number of occasions either by phone or at events.  As I've

Horizonte Minerals Research Note

 

Horizonte Minerals (LSE:HZM)

01 June, 2020

@TheMoneySponge

Market Cap: £45M  (£17M cash)Key HighlightsLeading Nickel investment opportunityTwo tier 1 nickel projects in close proximity forming a ‘nickel district’3m tonnes combined contained nickel valued at $42bn in the ground (@$14k Ni)One of the largest undeveloped nickel inventory outside of the majors. With both projects developed Horizonte would be the 8th largest nickel producer globallyAraguaia project DFS complete, fully permitted and in financing stageVermelho project PFS complete targeting premium class1 nickel EV sectorOrion $25m royalty agreement on Araguaia secured 2019First production from Araguaia targeted 2022Nickel: It just makes good cents !

Anyone who has followed me on twitter will know that I have a big interest in the junior resources space, particularly smaller cap early stage mining companies. 

I've been invested in and followed  the Horizonte story for a number of years now and it's been a somewhat rocky ride thus far!

One thing I’ll say though, it's been like that due to the bumpiness of the market for junior resource stocks in general  and is absolutely no reflection upon the company.  

In fact  the company has just gone on about their business quietly and what we see now emerging is potentially one of the next globally significant nickel producing companies. Yep!

As covered in some of my other research notes such as the one on Armadale Capital who are progressing their world class graphite project, I’m very selective in the junior resources companies that I’ll invest in and for good reason.

Personally, I have to tick boxes such as management: who is running the company and managing my investment?  What is the quality of the assets, are they really as good as the company says or is it just good marketing? What is the macro back-drop for the resource, not just now but importantly going forwards?  I want my investment to grow and I'm aggressive with the returns that I want and I'll be patient if I think the rewards are significant.

I'm prepared to do the leg-work and if I’m writing a research note on the company you can be sure I've ticked all my boxes.

Anyway enough rabbiting, let's talk a bit more about Horizonte then...

About Horizonte

Before I start, I suggest you visit the Horizonte Website at some point as you can glean more info about the company and its projects there. It’s one of the best junior resource websites I have seen with clear info on the projects and company.

So, the company led by CEO Jeremy Martin have been progressing their two tier 1 nickel projects both of which they acquired pretty much at the ‘bottom’ of the market. By the bottom I mean while nickel has been trading at multi-year lows. I’ll touch upon the nickel market briefly a bit later on.

I've had the pleasure of chatting to Jeremy and his team on a number of occasions either by phone or at events.  As I've

https://docs.google.com/document/u/0/d/14N9iTYFCviyKsqO-xLYFgFL_6wpFgKf8Hwk_F21HfrE/mobilebasic

Willie Walsh is chief executive of International Airlines Group, which owns British Airways

He said that the new rules would "torpedo" the airline's chances of flying in July.

"We think it is irrational, we think it is disproportionate and we are giving consideration to a legal challenge to this legislation," he added.

They talked but left fuming see bbc report last night

Might be more apparently after the meeting with Patel and aviation bosses tonight

They left fuming with the tail between there legs.

You have to hand it to her she is a tough cookie alright not to be intimidated.

on a separate note 45 bill spent by brits abroad last year, 25 bill spent inside uk by travellers coming in

Go figure the plan ey??

400p in July poss imho

Starting up again fyi

https://www.independent.co.uk/travel/news-and-advice/easyjet-flight-cancelled-coronavirus-quarantine-passengers-travel-a9544441.html

ok guys you know best but in May June they canx with the same sold out malarkey.

July dalaman sold out? pafos sold out? and most others. They said demand to king at 30% but 2 destinations are sold out really

Imho July is a non starter imho

There all saying sold out to dalaman pafos most others they did this in April may when not flying said sold out am I missing something doubt it

All destinations

For all destinations!!!!

They did that for June and may when not flying gents, blocked it off saying full jokers

looks like they canx July check web site starts in August

says sold out but they do that when no fly

Someone reported having a mail confirming?

Also all flights for July blocked out as sold which means no fly in reality

Starts 1stAugust from website

No commitment on bridges at all just dodging it public health is first feUKK travel and hols.

ITS MOT IMPORTANT RIGHT NOW

blinkers dear chap

Why are this government doing everything they can to stop you spending outside this country??