HRZ 4.00% 4.8¢ horizon minerals limited

200,000 tonnes over 8 months, starting December. That's roughly...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 89 Posts.
    lightbulb Created with Sketch. 97
    200,000 tonnes over 8 months, starting December.
    That's roughly 25,000 tonnes per month to the mill. That keeps the mill going for only about 8 days a month, which is a bit of a problem because it means Greenfields will be putting through someone elses dirt for the other 22 days. Sorting out your GIC every month is going to be quite a challenge. Nevertheless if they can put through the Cannon ore its going to be a serious winner. Possibly yielding around 25,000 ounces. At $3600 an ounces that equals about $90m in revenue. Its not a long haul to the mill, so the only questions remaining are the recovery rate the from the mill and how cheply they can get the ore body out of the ground and on the truck. Anyway, at a guess Horizon might make $1500 an ounce clear, which give them a surplus of $37 million for the project. Issues all round to be tackled, but with $40m in the offing this thing sounds very interesting indeed.
 
watchlist Created with Sketch. Add HRZ (ASX) to my watchlist
(20min delay)
Last
4.8¢
Change
-0.002(4.00%)
Mkt cap ! $53.69M
Open High Low Value Volume
5.0¢ 5.3¢ 4.8¢ $597.5K 11.76M

Buyers (Bids)

No. Vol. Price($)
11 811908 4.8¢
 

Sellers (Offers)

Price($) Vol. No.
5.0¢ 670572 2
View Market Depth
Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
HRZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.