The Metals Recycling Project will have much better earnings economics then the current HZCP for a start. In addition it’s a very well know fact that Intec were very well satisfied with the professionalism displayed by the Polly staff and hence they may have won the tender to operate the Metals Recycling Project.
This is all IMO of course, we will find out shortly once the agreement is finalized which will most likely be this week as you'll find most of the Intec management team down at burnie from Monday.
I just don't buy into the fact that Polly are running scared that the project is no longer cash flow positive so they have jumped ship. When all factual information provided by Intec June Qtr Report proves that the current Zinc /Lead operation is still cash flow positive.
Regards
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