metals recycling project, page-5

Hi Desire, yes those figures are per annum gross revenue.

IMO Capex for both Stage 1 & 2 will be around $50 million, and IMO will be fully funded by project parnters.

$50million for Nystar would be pocket change but access to the Intec Process is what the Steel Industry will be after. Intec will look at trying to get both Domestic & International majors as project partners.

It's a pity that Australasia only generates about 30KT of EAFD's, IMO the equation is pretty simple, once INL get into construction & commissioning the Metals Recycling plant, market interest will be massive.

First product roles out and it will be on for young and old with ZincOx, Horsehead, Nystar, Smorgons & Major Chinese Smelters all taking a major position.

Really is money for Jam.

Regards