SMALL CAP SHARE IDEAS: Horizonte Minerals says its Brazilian project will make money despite low nickel price 



Even with the price of nickel bumping along at multi-year lows, the latest economic study from Horizonte Minerals shows its Araguaia project in Brazil making money. And plenty of it.
The company has just released the results of pre-feasibility work which shows that over a 28-year mine-life Araguaia is set to generate free cash of $1.95billion.
Of course, several assumptions have been plugged in to get that number, including a mining cash cost of around $6,500 per tonne, an average selling price of $14,000 per tonne, and an initial capital spend of $354million.
Sceptics will argue that the... read more

 
3 October 2016 in Business, Views: 33
Source: Daily Mail
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