In December 2009 we invited our readers to picture the scene of Jeremy Martin, Chief Executive of Horizonte Minerals (LON:HZM) who, after successful development of the Horizonte business, had yet to see all his work and effort properly reflect in the share price. At the time, the share price, was languishing at just 7.25p.
Fast forward nine months, and Mr Martin's workload since has been quite frenetic and to some degree, the effort has paid off with the share price now around 14p, around 100% increase in the period.
But, if one looks at the activities of the company, and the value that has been created, there is a very big question mark over whether even the company's current valuation properly reflects that value.
As Isaac Newton stated, 'If I have seen far, it is by standing on the shoulders of giants'. For Isaac Newton, this quote paid tribute to the brilliance of his scientific predecessors, however this quote could just as easily by correlated with the situation created by some of the more successful explorers around today.
Take the case of Horizonte, who have used their technical skills, capability and flexibility on the ground, to identify some of the best gold and base metal projects in Latin America. This in itself is something the larger mining firms struggle to do and where they often look to acquisition or partnership in the junior environment to complement their in-house resources.
Majors rumble loudly and deals will usually happen (or not) in accord with their own extended timescales. Large size can often result in a certain amount of corporate sluggishness. However a junior with keen entrepreneurial management can often move fast and stealthily, using its relative size to its advantage.
Having identified and secured the right projects, Horizonte have leveraged this position by aligning itself with powerful partners, giants if you will, to help turn those prospective parcels of land into something altogether more valuable. That is standing on the shoulder of giants – in exploration terms - and that is why it's time to take a closer look at Horizonte!
So, here we go. Below we have a story of Big Nickel and Big Gold, as covered in our recent MiningMaven article.
BIG NICKEL
Readers will recall on the 27th July 2010 Horizonte announced the acquisition…
