Member Info for maverick2471

Here is the latest interview following g the operational update, must listen to get a feel for the sheer size this company will become https://www.brrmedia.co.uk/broadcasts/5a9927dbf477d8599f33b8b0/horizonte-minerals-company-update

Looking good for that long awaited bounce next level 6-8p but I'm looking for 15p+ on FS delivery assuming the original PEA numbers confirmed

Hi steel stones if Araguia sold for say 30p a share which is quite possible then Horizonte would get that cash so their market cap would be current market cap + cash received then an adjustment down for the value of aragauia pre buyout so for example on a simple basis I would say the following Pre buyout mcap is Say �100m �9m cash �15m for say Vermelho �76m attributed to araguiai Post Aset (Araguia) purchase for around say 30p per share HZM receive say �400m New cap = �400m + �9m + �15m - �76m (pre buyout valuation as we lost the asset) = �348m So we are now a �348m cap company with still a tier 1 asset we can develop. Its possible company would pay a one off dividend say 5p a share and retain the rest for development and new early stage acquisitions All conjecture on my part but possible Hope that helps

A good time to recap on the Broker Note 15-21p target only attributing the $8m purchase cost of Vermelho http://horizonteminerals.com/news/20180307_shard_capital_research_note.pdf

steel stones, Jeremy has remained confident FS will deliver and the recent extension is to potentially enhance the economics with Vermelho saprolite possibly factored in also. Regarding take out I truly believe the company of Araguaia will be taken out anytime from post FS as araguaia is the largest un-developed high grade tier 1 nickel mine globally and we know Once puma an almost identical mine in Brazil sold for $800m in 2005 at not much different nickel price at the time. Absolutely fantastic medium term investment imv

as an additional note this is not your usual AIM rinse and repeat either , company raised �9m in Jan and are fully funded for both projects for 2 years. Worth noting

Perfect 11m matched trades there looks like remaining seller been bid out thank fook as this had fallen way below fair value imo. Expecting news on both FS and Vermelho JORC, PEA now at �40m excluding cash this had got silly cheap for a company with two tier 1 assets and a project offering around $1.5bn free cash flow at $13k/t nickel amazing but great buy op

Think any of these could be interested talking to Horizonte at some stage https://www.bloomberg.com/news/articles/2018-03-18/here-are-the-firms-feeding-china-s-battery-revolution

Just been looking at the book for HZM and certain market makers have disappeared of the Ask indicating our seller has stopped. A few hundred k shares to shift at 4.02 and 4.04 then its 4.29p - could be the bounce point. Still calling this crazy crazy cheap especially at current Ni Price giving Araguaia circa $1.8bn in free (after Capex) cashflow !

There is a seller at 4p from what I can see and thats whats been pegging us here. When the seller has finally cleared it will move back up strongly. I can see one MM is going on the ask with bug lumps over 4p then off if it drops just sub 4p meaning they are working the sell out imo. Therefore I see 3.90/4p a base to bumble along for a bit until seller churned. BFS run up should see us build from 4p, by the way the BFS was extended not delayed they are looking at factoring in possibly Vermelho saprolite and using higher Ni Price inputs that said I do agree expectation was Q1 and now more likely end Q2

updated broker note Price Target 15p/sh not factoring in any upside for the new Vermelho nickel/cobalt acquisition. @ $15k/t Ni Price the target moves to 21p/sh. Pretty much backs up my view this is way undervalued. http://horizonteminerals.com/news/20180307_shard_capital_research_note.pdf

I was running some numbers earlier - Vermelho cobalt alone at todays LME Cobalt price of $83,250 * 43000 tonnes of contained cobalt comes out at a whopping $3.58bn something like $200m revenue a year alone 2.5k/t annual production Thats simply phenominal given its only the cobalt at Vermelho Vermelho also has measured and indicated resources of 1.06 million tonnes of contained nickel Then Araguaia has 1.5 million tonnes of high grade nickel You see why I am excited? How many AIM companies at �45m (minus �9m cash) have two Tier 1 assets in a rising commodities market. This is shaping up to be my best investment to date and I was an early Asiamet investor too!

More info here in this tweet Id say we should be nearer �150 if you also factor in Adarguaia https://twitter.com/TheMoneySponge/status/971341435227254784

Best interview to date imo https://www.brrmedia.co.uk/broadcasts/5a9927dbf477d8599f33b8b0/horizonte-minerals-company-update

Very pleased with that update given we are now in March the BFS isn’t far off at all and happy the scope has been extended to adjust economics for higher nickel price and most interestingly possibility of factoring vermelho saprolite resource Vermelho 43-101 JORC update and PEA to come alongside too. Vermelho one of the biggest nickel/cobalt assets globally!

http://horizonteminerals.com/uk/en/investor_presentation/ Look at slide 29 comparison to SCONI at $220m cap clear valuation gap by a factor of 3 just comparing Vermelho Then add Aragauia !

Morning guys here is the latest company fact sheet now incorporating Vermelho project great that the company can target both stainless and ev markets across the two projects http://horizonteminerals.com/news/20180223_fact_sheet.pdf

Two reasons for the slight extension 1 given higher nickel they want to look at factoring in other ore posdibly at araguaia 2 they want to see if they can factor in saprolite from vermelho or at least review that based on resource and possibly trucking to araguaia

Expecting an operational update within next two weeks really looking forward to hearing plans on vermelho and progress on BFS Nice to see nickel back at $14k/t Patience will be rewarded here

agree the market hasn't quite realised the scope here