Member Info for RogueRoger

According to the ARC website; Areas under license:19906-HQ-LEL, 23004-HQ-LEL, 23005-HQ-LEL, 28700-HQ-LEL. I can only find one of them on the ministry site its been deferred not rejected.

Apologies if a stupid question. Does equity raise have to be shares in company, could it just be a share of Araguaia?

I came across this article which has some good examples of valuations vs NPV.

https://insights.csaglobal.com/market-value-doesnt-match-npv/

Perhaps £100M is fair, pre finance and construction. As these milestones are achieved it looks feasible to get to 50% of NPV for Araguaia stage 1 with stage 2 and Vemelho to bring further value. Once in production i guess nickel price is the only variable?

Im hoping for 30p next year and a steady rise from there.

Happy xmas!

Just curious is it possible to determine a typical market cap to NPV ratio from similar mining and exploration companies or are there too many variables. Stage 1 Araguaia NPV alone has a market cap of less than 15% of NPV. I think i added up potential NPV across all assets of between 3 and 4 billion so if typical ratio was more like 20% could we eventually expect an 800 million market cap or more if Nickle prices continue to rise?

Thanks DJ. I agree Sirius is a poor choice for comparison but helps to make the point that people with a lot of money ultimately have a hand in the outcome and they are not generally worried about us. I am no expert and like the odd punt on exploration companies, I did well on GKP, Ophir and HZM but have lost on plenty as well. I have waited a long time for HZM to come alive again, I have held this long as I could see few reasons not too and the expectation of major news that would push the SP up significantly. Perhaps I could have invested my money else where over the years but didn't want to miss out when the good news started to flow.

Its good to have a balanced view, at the end of the day a mine is a big hole that you poor a lot of money into before you get something back but I am confident this one will payback and more.

Greetings all. I have never posted before but read this board with great interest and thank everyone for sharing their research and insight. I first invested in Horizonte 10 years ago at about 7-9p and took a nice profit at 30p. I have bought and sold over the years since then and now find myself with 500K shares at 3.5p average. Like most on here I am holding out for financing & production or a take over, I will take some profit and de risk my initial investment at 10p and let the profits run.

The few balanced posts on here are often shot down and I understand why, they rarely offer any substance but I am interested to understand what the risks are. The obvious one is geopolitical which I am not concerned about, I travel a lot to Brazil and despite the lunacy of the current president I don't see a country that could follow Venezuela. Is finance the main risk. Didn't Sirius have debt lined up from JP Morgan but then failed to find the balance, could this happen with partners holding back to buy the company outright and on the cheap when it collapses or does the fact we have Glencore, Teck and Orion in competition mitigate this, obviously the amount is far less. Balanced views welcome, PI's are at the bottom of the food chain and in my experience there is always a risk of being stitched up.

Good luck to all.