it does not work commercially, page-10

thatsgold,

the concept of spinning out BSM as a future potential source of ore, the Hellyer tailings as a short term source of cash flow, was a good one. Unfortunately the zinc price fall and the inability to deal with BSM has ruined that concept.

Obviously BSM did its own independent studies, but the shareholding in that entity is probably INL's best asset!

As to the technology, deals with Iranians/Russians do not have much in the way of market credibility or add much to the bottom line in the near future. JVs with more credible entities have achieved nothing in the past.

To get anywhere they have to do it themselves and IMO no one will back them with the couple of hundred million to try. It appears to be a cactus quacker?LOL

Cheers,TAS