HRZ 2.50% 4.1¢ horizon minerals limited

Ann: Horizon Receives Final Payment For Menzies, page-4

  1. 11,585 Posts.
    lightbulb Created with Sketch. 4785
    Yes but they did have a decent announcement yesterday:

    Positive scoping study showing potential near surface Net Cashflow
    between AUS$95M and AUS$64M, EBITDA (refer ASX release 24 March
    2021);

    Seems like they got a good deal.

    The total estimated net revenue for the project is estimated as $330M using a gold prices of AUS$2,300/oz.
    Total costs for the project were estimated as $250.4M with total operating unit costs of $104/t processed,
    and $1,688/oz produced. The estimated free cash produced is between $95M and $64M with the maximum
    negative cashflow of $13.5M occurring in month 5 with the mining lasting 31 months in total. The mining
    material included in this study includes 63% in Measured or Indicated JORC category.
 
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