the final 30 minutes, page-24

re: why this gap will be filled. From the info I could find I don’t think that Intec is as dodgy as you imply.

In fact, the opposite appears to be the case:

1. CSIRO has given a favorable review of their technology (eg see http://www.minerals.csiro.au/main/pg2.asp?id=36388, http://www.minerals.csiro.au/main/pg2.asp?id=36160, http://www.minerals.csiro.au/main/pg2.asp?id=36158)
2. The technology is purported as being low cost, has high recovery ratios and environmentally friendly (see above and also see http://www.asx.com.au/asx/statistics/AnnDetail.jsp?id=572969&&issuerid=4092)
3. Orian has forked out $500k for to fund the IGP pilot plant
4. Even on the most conservative discount rate and cost & recovery ratios, Hellyer alone will be worth a lot more to INL than its current market cap.
5. The news that the IVN and INL have bought Hellyer, is significant, as it indicates that they are confident that they can make a go of it. INL will need to raise capital to fund the development of Hellyer, but that is obvious, and is par for the course.

You implied that Nippon is no longer involved with Intec, which is completely incorrect. In fact Nippon paid for a pilot plant, and are conducting a feasibility study re the creation of a semi commercial plant (http://www.intec.com.au/html/About_Us/Strategic_Partners/Nippon.shtm). Indeed, Nippon state “With the needs of the future in mind, we are conducting innovative research and development that will enable us to shift over from refining through smelting, currently in use, to hydro-metallurgical refining.”(see http://www.nikko-metal.co.jp/english/business/index08.html). Note the words “shift over to hydrometallurgical refining”, which is what Intec is all about, for those who don’t know.

You also made a number of other basic factual errors in your subsequent posts, eg INL was not listed a couple of years ago, but a little over a year and a half ago. This is a petty point, but it does show your lack of attention to detail, which is very important when it comes to making the right investment decisions. Your post implied that INL has been listed for a long time, and has achieved little. I think when you have a look an objective what INL has achieved since their listing it is very hard not to be impressed.

If you have proof that the technology is dodgy I would be more than happy to hear the details, but I need more than your say so.

Perhaps the crusty old metallurgists who you claimed canned Intec just aren’t up to date with these new fangled way of doing things. I can just hear them now “dag nap it, back in me days all we needed was a shovel annnnnd a strong arm… I don’t know about these young fellas these days…”