Member Info for maverick2471

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!

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!

Nickel really going for it increasing HZM NPV to $581M and Free Cashflow over life of mine to around $1.9bn MCAP a mere �50m...

Boy Im working hard today ! For those interested I have scanned recent RNS including the Operational Update and Chairmans results message which was pretty detailed and I think the following is what we can expect news flow wise: -- Further Araguaia FS milestones i.e. the Water permit yesterday -- Araguaia FS itself -- Possible news on Financing discussions given hint in yesterdays RNS that these have started --Mine plan approval ready for construction -- Vermelho JORC resource N43-101 compliant (VALE had not done this and completed in house but Horizonte plan to produce an official resource presumably for further down the road when discussing partnerships/off-take/Financing etc) -- Vermelho PEA/Scoping Study - early economic and logistical view on the asset factoring in Araguaia in close proximity --Vermelho Test work RNS mentions testing the Vermelho Ores for battery metals suitability this would be good news if they can achieve this processing. Half the Ore (saprolite based) I would expect to be possibly tied in with Araguaia processing or at least leverage off the project - that would be around half a million tonnes of contained nickel a great addition to the 1.5m tonnes Araguaia contained nickel resource. -- Dare I wish to think post all of this a potential suitor for the Araguaia project or company once its bankable following the FS completion ? I see all the above coming over the next three quarters - probably the busiest and most transformational year for Horizonte to date?

Yes RedRoy What is really exciting is that 50% of the material at Vermelho 1m tonnes contained nickel and 43k tonnes contained cobalt could be suitable for EV metals off take (the limonite ores). as per recent RNS company plan to run test processing in the near future to prove up the methodology Dont forget an official N43-101 JORC resource for Vermelho is due very soon too so plenty activity on both projects

Tupped in the UKIS magazine https://www.*************.com/views/35370/the-april-2018-edition-of-the-uk-investor-show-magazine-is-now-live-featuring-five-great-tips-and-the-show-schedule

Disagree since market cap at �50m if you look at other companies with similar pre FS rises say BKY which had a much larger gap between its underlying uranium spot px vs PEA assumption you can see that on similar NPV market cap should be around double today in my opinion. Also compare ARS well over �100m cap now and first project has a lower NPV than Araguaia and also approaching FS so comparably I think HZM is undervalued by half at the moment, recent seller stalled the momentum, I believe it will pick up again

Interesting from Glencore http://www.glencore.com/index/media-and-insights/insights/Electric-vehicles---a-disruptive-force

SP Angel Horizonte Minerals (HZM LN) 4 pence, Mkt Cap �57.6m � Water Permit for the Araguaia Project Horizonte Minerals has confirmed that it has been granted a definitive water permit for industrial consumption for its Araguaia ferronickel project in Para State, Brazil. The permit ensures that the project will have adequate water supply to operate on a continuous 24 hours per day, 365 days per year basis for the planned output of 14,500 tpa of nickel contained in approximately 50,000 tpa of ferro-nickel. The company has confirmed that it expects to complete its feasibility study on the project by the middle of 2018 however, pending those results, the pre-feasibility study indicated that, at an assumed nickel price of US$12,000/tonne, capital expenditure of US$354m was expected to generate an after tax NPV of US$328m, discounted at 8% and produce an IRR of 19.3. Chief Executive, Jeremy Martin, characterised the �approval and award of the water permit � [as] � another significant milestone in the development of the Araguaia Project.� He went on to say that �Elsewhere on the project we are working towards the completion of the Feasibility Study due mid-year, together with advancing the final permits required to ensure the project is construction ready and moving forwards with strategic initiatives relating to the project financing." Conclusion: Approval of the water permit demonstrates progress on securing the necessary approvals for mine development; we look forward to the results of the feasibility study later this year.

Below are my targets and in line with Nic Duke chartist and the latest broker note need to break 4.2p 4.2p > 6.2 > 8.5 > 15-21p http://horizonteminerals.com/news/20180307_shard_capital_research_note.pdf

Another important permit secured. Already have the key environmental permit. Final stages of FS and started financing discussions all very real now. https://www.**********.co.uk/rns/announcement/ffb3e6dd-3765-423c-9217-2641c22b9d6c/

nickel at $13,800 closing back in on $14k/t where the HZM Aragauia project returns $1.9bn in free cash flow, how is this company a multi asset nickel/cobalt developer a mere �45m Market Cap minus the �9m cash ?

https://twitter.com/TheMoneySponge/status/983672564374556672

There is bit of a marked change occurring on the AIM market at the minute, the days of 'hot' money chasing rainbows etc are disappearing, if you want to play in AIM then my view is look for undervalued juniors in the resources space or solid junior growth companies. Decent BoD and assets are key for me, although HZm dont just have decent assets they have Tier 1 assets - conviction investment for me along with ARS will have a look at SXX thanks

Hi all some notes from a twitter poster seems to sum up the investment case perfectly Horizonte Minerals 07-March-2018 � Investment Potential �Company FULLY FUNDED for 24 Months to complete the Araguaia & Vermelho 2018/19 work programmes via recent II fundraise of �9.2m �Araguaia Feasibility Study at an advanced stage scheduled for completion end of H1 2018 (scope increased to factor in Vermelho saprolite and higher Ni Prices). Key environmental permits and trial mining now complete - major de-risking factors. �Araguaia one of the largest un-developed Nickel deposits globally with Measured & Indicated resources of 1.5M Tonnes of contained Nickel. Tier 1 Asset with 28 Year mine life. �Araguaia to become the next high-grade Tier 1 nickel mine globally, construction ready by end 2018, producing 2021 �Araguaia economics based on PEA yield $1.3bn in free cash-flow @ $12k/t Ni price, $1.9bn @ $14k/t price. �Vermelho Nickel/Cobalt project acquisition completed December 2017. One of the largest Nickel/Cobalt deposits globally. Vermelho has been through full FS with VALE and had construction approval. �Vermelho�s locality to Araguaia offers the chance to �re-run� economics due to project synergies. Vermelho and Araguaia combined set to make Horizonte a major player in the global nickel/cobalt space with 100% ownership of both projects. �Vermelho 43-101 JORC resource update planned in 2018 followed by PEA after determination/validation of process routes for both the saprolite (stainless steel market) and limonite (ev market/battery metals) ores. Why invest? �Company fully funded for 24 Months �Large Institutional backing �Two Tier 1 Nickel/Cobalt Assets. Araguaia significantly de-risked FS > 80% complete �Araguaia Ferro Nickel project similar scale/size/location to Cannico Onca Puma project bought for $800m in 2005. �Vermelho Nickel/Cobalt project - peer comparisons to CleanTeq Sunrise (MCAP: $540M), Australia Mines SCONI: $220M), Horizonte MCAP: $80m �Both assets each have the potential to return significant multiples in share price from today�s price. �Nickel Market fundamentals

Wisha the mcap is indeed farcical imo. Nickel currently at 13,300 and PEA assumption was 12000 for the $1.3bn free cashflow after Capex figure. the recent trial mining was successful validating the PEA approach so what is there left to deliver the FS that should confirm this highly Econo,ical project that majors would be interested in ? Not much...... cheap as chips give only several weeks away from the FS completion

Wisha the mcap is indeed farcical imo. Nickel currently at 13,300 and PEA assumption was 12000 for the $1.3bn free cashflow after Capex figure. the recent trial mining was successful validating the PEA approach so what is there left to deliver the FS that should confirm this highly Econo,ical project that majors would be interested in ? Not much...... cheap as chips give only several weeks away from the FS completion

Nice find looking back over the chart longer term and you can see that nickel and HZM really are coming off lows - I think this will be one of my best investments over the next few years alongside ARS