Hi Henrikc. Sorry to disappoint you but I get my information from INL's ASX releases, INL Forum site, and nothing from INL staff.
INL Forum 12/12/07; " ............we will be accumulating some funds that may contribute to the Project, but they will not be anywhere near sufficient to significantly reduce the finance required."
INL Forum 11/12/07. "....with the intention of finalising project finance and/or project partners"
INL Forum. 3/12/07. ".........enabling Intec to arrange debt and finance for the construction ............"
Take your pick from the above.
Okay INL had $3million cash at the end of last quarter. INL has been generating about a $1 million a month from concentrate shipments. It will be interesting to see the Half Yearly Report to be released near the end of this month. How much cash will the Company have? The plant will not be built in a month so shipments will continue for Jan, Feb, Mar, Apr, etc. A nice cash flow to put some aside for the project.
Directors of the Company have many years of banking and finance under their belt so don't be surprised if, despite the sub-prime melt down, finance becomes available.
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