The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
absolutely massive I agree you cannot argue with the resource 2.5m tonnes of nickel and 43k tonnes cobalt - both contained M&I resource Then you look at current Ni and cobalt prices Then Capex around 350-400m FCF over 2 year min life of mine of $1.9bn just on Araguaia project Not many better on AIM in my view
Courtesy of Moneysponge on twitter Buyers lined up! https://twitter.com/TheMoneySponge/status/991289872609632256
look at the ARS chart around Sep 17, two peaks then a rerating move to 14p from 4p level, i believe same will play out for HZM given growing interest and catalysts this year.
slides 27-32 of particular interest providing information on the new Vernmelho #nickel #cobalt asset and roadmap for this exciting asset. Broker Target price 21p does not factor in Vermelho yet!
well the RNS did say some of the funds were raised for transactions aka 'deals'
Excellent update with new extended section on Vermelho with roadmap http://horizonteminerals.com/news/20180424_investor_presentation.pdf
what a great time for Horizonte to be moving forwards with strategic Financing discussions with Nickel at $15,500/t some 30% above the base case robust PEA assumption Roll on delivery of the FS
its due to US sanctions on Russia people expecting it to affect Nickel supply I guess Norlisk for one
At $15k Nickel Price Araguaia Project Free Cash Flow over LOM moves to over $2bn FS due in couple Months whats Market Cap...........!?
presumably Norlisk nickel seeing same with uranium also
Possibly this and also Nickel broke a technical resistance level http://www.bbc.co.uk/news/business-43789547
agree share price today of 4p level will be history and long forgotten in a year or twos time given the advent of battery metals development. HZM have combined 2.5m tonnes contained nickel and 43k tonnes contained cobalt - thats some serious resource (Measured & Indicated) too
At $12k Nickel with a project NPV of $328m and IRR of 19.3% we had a SP of 4-5p Now today at $14,800 Nickel and a project NPV of approx $700m and IRR of approx 30% we have a SP 4-5p erm - anyone spot the arbitrage ? Should be minimum 8-10p based on leveraged Ni Price alone especially with FS nearly complete using 12k assumption and trial mining has validated the model recently RERATE
HZM now looking even more interesting nickel almost touched $15k/t earlier thats the top end broker target of 21p and npv around 6-700m with over $2bn free cash flow on just Araguaia project share price incredibly sub 5p Yes my 231p was a typo but I'll have it !!!
For those newbies here is the Shard Broker note recently done 15-21p price target 21p at $15k/t nickel price. http://horizonteminerals.com/news/20180307_shard_capital_research_note.pdf
the explanation is simply this: its AIM and the same happened with Asiamet last year Sp was stuck at around 2-3p for nearly a year then the market woke up to the assets and progress the company were making and rerated from 3-14p - it will happen here as at todays nickel price our main project npv is over $600m now I've been building a large position ready for it
http://www.infomine.com/investment/warehouse-levels/nickel/1-year/
More progress today in Nickel up 2% at $14,200 tonne - that must the Araguaia after cape free cash flow over 28y LOM at around $2bn Again I say how is market cap a mere �45m excluding cash of around �9m with an over 80% derisked FS due for delivery shortly - this should be nearer 8p today imo and post BFS up around the broker target of 15-21p level the broker target of 21p assumes a 15k/t ni price, not far off now!