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3.7¢ horizon minerals limited

Ann: Trading Halt, page-11

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186

11/08/20

08:45

Post #: 46441913
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Originally posted by Lawlllll: ↑

Could be Nimbus related. I think the mill needs work but would then be good to go.

From July 2014 - "Previous scoping studies indicated that the project would require a total capital injection of between A$58-million and A$66-million, with all-in cash costs estimated at between A$12/oz and A$16/oz silver and between A$600/oz and A$1 050/oz gold."

If today's figures are anything like that, you'd think there is money to be made, though who knows for long long the silver price will stay up for.

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I agree Silver price has \ long tails and steep amplitude, historically. If they are going project finance Nimbus they will hedge portion of the production to get the finance over the line. But with high enough silver price, payback on the initial capital will quick, de-risking the project.

HRZ Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.7¢		Change 0.001(2.78%)		Mkt cap ! $41.38M

Open	High	Low	Value	Volume
4.0¢	4.0¢	3.7¢	$20.29K	528.0K

Buyers (Bids)

No.	Vol.	Price($)
1	26315	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	66441	2

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No.	Vol.	Price($)
1	26315	0.038
6	430025	0.037
5	605777	0.036
7	263232	0.035
2	394147	0.034

Price($)	Vol.	No.
0.039	674	1
0.040	315442	4
0.041	156306	1
0.043	200000	1
0.044	30150	2

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