Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Your a brave man for even considering opening a T20 in HZM. There has been no serious buying here for a long time. The directors must be scratching their heads wondering when true value will be seen in the SP. There was a minesite article a few weeks ago stating that HZM was starting to attract some real interest after listing on the TSX. That has me really confused. I've been down 5 figures in here for a while. I will use this to offset CGT if things dont improve with the Q3-Q4 newsflow.
in my portfolio again today. When the bounce comes in the overall markets what will happen here? There has been zero interest here for quite some time. I would also like to see some director buying. I hold more than 2 of them put together.
the first time I bought in here was 13.25p. Hard to believe we are back to square one.
could cause problems? http://www.bbc.co.uk/news/uk-14259180
Millions of buys yesterday, over 4:1 on sells and no movement. A few thousand sells today and down we go. When was the last time a Director bought shares in the open market? It's about time they got their hands into their pockets.
Horizonte Minerals plc ('Horizonte' or 'the Company') 76.6 Mt Grading 1.35% Nickel - Maiden Inferred Mineral Resource Estimate at Araguaia Nickel Project, Brazil Horizonte, the AIM quoted exploration and development company focused on Brazil, is pleased to announce an initial Inferred Mineral Resource estimate, at a 1.0% Ni cut-off grade, from the North, Centre, Pequizeiro, and South zones at its 100% owned Araguaia Nickel Project ('Araguaia') located in the Para State in north central Brazil. Highlights -- Maiden Resource of 76.6 million tonnes ('Mt') at 1.35 % nickel and 0.06% cobalt -- 1.03 Mt of contained nickel -- Resource does not include Horizonte's original Lontra nickel project or other exploration targets within the Araguaia project area -- Infill drilling on-going to expand and upgrade the resource towards plus 100 Mt target Jeremy Martin, C.E.O. Horizonte said "This initial maiden resource estimate exceeded our expectations in terms of size and grade and clearly demonstrates that Araguaia has the potential to be developed into a major nickel deposit. The maiden resource covers part of the project area acquired from Teck in July 2010, and we believe there is significant scope for expanding this resource from targets within the project area including the original Horizonte discovery at Lontra as well as other defined targets yet to be drill tested. "With this in mind, we are expanding the drill capacity on the project with a two-stage objective; firstly to increase the resource towards a 100Mt target, and secondly to upgrade and delineate a higher grade core resource within a larger resource envelope, which would be expected to enhance the overall economics of the project. In tandem, we are also commencing metallurgical testwork with a view to commencing a preliminary economic study in Q4 2011 which should lead directly into a Pre Feasibility Study to ascertain the technical and economic potential of Araguaia." Further Information The Inferred Mineral Resource estimate has been calculated based on the results of a 489 hole diamond drilling programme totalling 11,400m. The drilling was undertaken by Teck Cominco Brasil S.A. ('Teck') as part of its exploration programme completed between 2006 and November 2008 over seven licences now incorporated as a part Horizonte Minerals Araguaia Nickel Project. Teck applied a comprehensive QA/QC programme to confirm the precision and accuracy of the assay results from this drilling. This was checked and verified by the Horizonte team. Horizonte geologists re-logged the core and a chemical matrix was applied to confirm the geological horizon designations. On behalf of Horizonte, Marc-Antoine Audet Geologue Consultant Inc. carried out resource modelling, integrating the concept of geological horizons (limonite, transition and saprolite) to create a 3D block model. Estimation of the average grades of the blocks was conducted in unwrinkled space using In