Member Info for Rover62

https://twitter.com/i/web/status/1585546298677235714

https://www.brasilmineral.com.br/noticias/horizonte-minerals-iniciara-sua-producao-de-niquel-em-2024

Interview with LEONARDO VIANNA.

My Portuguese none existent so only could see the translation on the website

Jdt,
I presume you mean this

GoldStone has also undertaken grade control drilling for the third pit within the Homase Mine to determine the pit planning and to potentially expand the mineable resource inventory. The results of the drilling have been received and the modelling of this third pit is currently underway a press release on this will follow in the next few weeks.

By definition a few weeks is 3 or more, so my comment still stands.

I agree with you on your other points.

Jdt,
I think you’re being a bit ingenious to the BOD.
From the announcement of the drill programme to the first update was a whole month.
From that update to now it’s not yet been a month.
If no update by end of next week then complain.

I just wish the Tanzanian government would get their finger out and support us by agreeing the free carry. That way we can get on with the rest.

Strange movement as a couple of weeks ago I bought 500k share and not a bit of movement. 500k this morning and a 10% rise.
Is someone in the know?

The best we’ve got of a view of the project is a satellite image done every 5 days.
Unfortunately the last 3 times there has been a cloud over the site.
You can see previous image by altering the date to see progress.
https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=-7.98425&lng=-49.42376&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2F42924c6c-257a-4d04-9b8e-36387513a99c&datasetId=S2L1C&fromTime=2022-10-17T00%3A00%3A00.000Z&toTime=2022-10-17T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22

https://im-mining.com/2022/10/18/wood-gets-second-bite-at-vermelho-nickel-cobalt-project-development/

Vale had a figure of 46kt pa. Over 40 years. So not too much different to provide a second line.
Can truck in extra from another local area.
All speculation for another day in a few years. ;)

One of the thing JM keeps saying is scalability and being I a nickel district with the possibility of exploring other areas.

Would this and combining with existing resources in the V area have enough to develop a second line at V with is a copy of the FS being undertaken now?

Forget the $ and look at the units.

I don’t have factual answers but here goes…
Have they used more material?
Have they used more person power?
Have they run into any difficulties?
Nothing reported.
The problem currently is the $ cost per unit.
There is also a problem with the cost of money.
These are what adds up to the current predicament.
It’s NOT bad management by the BOD.

The current drift in SP is frustrating but it’s not due to fundamentals.

There was an RNS on that day that detailed Director Fee Conversion. Richard and three other directors took shares in lieu of fees. Have a look.

I think it was a positive move and shows director confidence.

Pick,
I think we’re talking at cross purposes. I’m talking Araguaia CAPEX. It seems you’re talking V.

Pick,
For clarity the new CAPEX figure is $537 as published in the placing RNS. They did the work to figure it out so I don’t understand why the haven’t put it in the presentation.

Re reading the RNSs from last week I’m positive about the company and BOD. I believe they’ve done what was needed and taken the opportunity to accelerate A2.

Pity it doesn’t have the latest figure in there. Out of date CAPEX.
Not that professional really.

https://horizonteminerals.com/news/en_20221007_corporate-presentation.pdf

After the mad frenzy and shell shock of the last few days we’ve sailed into the doldrums.

I’m taken this time to recover and reflect on my own dealings in Horizonte over the past couple of years.

Firstly I reminded myself why I invest and then why in Horizonte.
My view is on a long term of 10-15 years. Firstly preservation of my capital with growth better than inflation. Secondly it’s to provide a revenue stream better than 5%.

In investing in Horizonte does the criteria fit?

Well in my own opinion it’s still a resounding ‘YES’.
However, granted, it’s substantial less favourable than the figures from my initial investment. Looking now on whether I would invest now, I would answer ‘YES’. Unfortunately I’ve hit my self imposed level in my portfolio.
My average is £1.08 so would have liked to average down.

In that beautiful thing called hindsight would I have done things differently. WOW ‘YES’. Sold at the night and bought back now. I would have maintained my very small slice of the pie.

GL all

https://www.brrmedia.co.uk/broadcasts-embed/633ec2a34e04e5705b42677c/horizonte-minerals/?popup=true

There are no declared shorts of above 0.5%

https://www.shorttracker.co.uk/company/GB00BMXLQJ47/

After all this the MCAP at 90p SP would be $300 million?
Just for A1 the NVP is $1.5 billion.

Still a multi bagger from here.

I’ve needed to put on my rose tinted specs as I’m still depressed.