Member Info for Nthoftheriver

https://www.mining-journal.com/events-coverage/news/1374468/nickel-to-be-stand-out-metal-for-2020-lme-week-hears

https://www.reuters.com/article/us-indonesia-nickel/indonesian-nickel-miners-agree-to-stop-ore-exports-immediately-investment-chief-idUSKBN1X7106

LME Week 27 OCTOBER - 1 NOVEMBER 2019

Wonder what news will come out on future Nickel demand and the current LME warehouse stock.

Thanks Maverick,

All very promising

Great News. Indeed.

Anyone able to shed light on what it takes to get a binding agreement. ie is the funding of the mine required to be sorted prior to formal binding offtake agreements. Just trying to get a handle on sequence of events. Thanks

Good luck all holders

https://www.metalbulletin.com/Article/3900337/Ramu-nickel-cobalt-mine-to-shut-down-during-pollution-investigation.html

https://roskill.com/news/nickel-horizonte-minerals-advances-vermelho-project-to-meet-demand-from-ev-battery-sector/

(Apologies if someone has already posted article from a couple of days ago).

https://www.metalbulletin.com/Article/3900321/LIVE-FUTURES-REPORT-2310-LME-nickel-falls-1-despite-drawdowns-C3M-contango-persists.html

....
“If the LME request to members shows that there is nothing being manipulated and that Tsingshan are going to genuinely take the canceled metal out of warehouses for consumption there is really little the LME can do in the face of supply loss from Indonesia,” Freeman added. “If this turns out to be reality, the recent spread contango could be very short lived and prices of $18,000 and higher could be a distinct possibility.”

The recent interview with JV discusses the quality of the PFS. This has been formed using the VALE detailed Feasibility Study, suggesting it’s more a PFS+ and a lot more useful to a potential parter than an initial PFS would provide. If the view that people are trawling over the info available, may be a JV may happen sooner raster than later. (IMHO).

Anyways it’s all good conjecture.

Thanks Luke,

Those metrics are telling.

Going need to push up nickel prices much higher as miners are going to need to be confident that price rise is not a short term blip if they want to progress projects or bring old mines back online.

BHP nickel output down 25% in Q3 2019, copper down 3%
Anglo-Australian miner BHP has recorded production declines in all base metals for the third quarter of 2019, with nickel and zinc outputs down by 25% and 33% quarter-on quarter respectively while copper production slipped by only 3% in the same comparison.

hTTps://www.metalbulletin.com/Article/3899513/BHP-nickel-output-down-25-in-Q3-2019-copper-down-3.html

Thanks Fulmar & Steeplejack

Well the presentation was worth listening to. Honestly though, two Analyst queries. I’m probably expecting too much, but you have to wonder what JM has to do to get more coverage from the City.

If they want to be serious about actually getting the mine in operation, they need a partner to accelerate the works not to mention fund the detailed studies. Can’t see them being able to handle this parallel to getting Araguia off the ground.

The scale of the operating two mines is really big boy territory IMHO.

Not to mention JM already said in the Crux video interview they would probably develop with a partner.

... Inventory is not limitless. Judging by the shape of the nickel futures curve – which is in backwardation until 2022 – inventory for the metal is tight. So, we think prices have further to rise, possibly above $24,000/tonne in the long-term...

https://www.wisdomtree.eu/en-gb/blog/2019-10-10/nickel-rally-defies-industrial-metals-rut?utm_source=twitter&utm_medium=social&utm_term=organic&utm_content=100000911&utm_campaign=preciousmetals&hootPostID=964ddc6a1870f06e2dd0de0f372c87fc

Would like to think it would have been there before then considering nothing in the price for Vermelho.!

As JM says the aim would be to get the SP up so that we in the £100M+ territory to get further Institutional interest. Hopefully news flow and Nickel price gets us well over that.

I hope we don’t have to dilute much as reality is any equity raise gives the new holder automatic access to Vermelho upside for monies we need for Araguia. So if Vermelho is as good as hoped this should ideally be less that than 35% of Equity. Unless someone wants in to accelerate phase 2.

PS apologies if you’re a Scotland fan, but come on Japan!

https://www.abc.net.au/news/programs/the-business/2019-10-11/the-charge-for-electric-vehicles-puts-the-shine-on/11596094

I’ve been invested in HZM over 2 years and attended the last two AGMs. I’m heavily invested in this stock (for me), so my comments will have an upside bias.

Having said that I’m appreciative of all those who post here. Clearly not so much Geng, but he has a viewpoint, even if I don’t always agree with it.

So after further review of the interview I’m bolstered by the questions and general response given by JM.

The AGMs have been useful to me as you meet first hand some of the Board (JM, David Hall, Owen Bavington and at the last AGM, Simon Retter). Personally felt the chaps were genuine and professional in approach. Granted I would have liked faster progress on the self imposed deadlines, but here we are and the drop from over 4p to below 2p allowed me to top up. (Nervously I might add, as regardless of the story this is after all an AIM stock).

Sure it would be good if JM had more skin in the game, but the real positives to me are:

1. Teck and Glencore Holdings
2. Having a Teck man on the board
3. 2 Tier 1 Assets addressing both Class 1&2 markets.
4. When Vermelho was announced and even now I feel no Value has been ascribed to it as asset.
5. Araguia is viable even at low Nickel prices, so clearly able to run long term. Add in the Sierra Do Topo resource and you can increase output and life time of Araguia substantially (IMHO).
6. More recently - The methodical approach to financing the project - Endeavour Financial Advisors and now Orion.

Personally don’t think the market understands the importance of Orion. It’s not just the money, it’s the degree of vetting they have done before offering up $25M. Ok some will say they got a good deal, but so have we. Look at their size and that they will I feel be further involved. A real vote of confidence I feel.

I have agree with the view that we might see Araguia go full steam (P1&2) with a major partner, especially if Nickel is stays around or above current prices.

Excited to see what the initial metrics for Vermelho are.

Good luck all holders.