AUD is on the slide as well which is a positive down to $0.929 against the USD and actually improving the price of zinc in AUD terms.
Market knows that Intec remain cash flow positive from the Hellyer Zinc / Lead operations as per the June Qtr report. In addition there are ongoing negotiations with other mining companies to Toll Treat higher grade ore through the mill. So imagine the improved revenues if the Mill can stay profitable at 3% zinc, lifting that to +6% (BSM’s Fossey Zone for example) with 250KT additional ore processed through the Mill adding another $40Million gross revenues per annum to the Hellyer operations.
Shareholders should be able to sleep well at night from here on folks.
Regards
significant announcement today, page-7
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