what can one say, page-18

Now that Intec is dredging the low grade section in the tailings I previously thought the Pb price and the addition of the eafd could help maintain the revenue.With the drop in both Pb & Zn price it is going to be a very difficult situation.Last qtr Intec was paid based on Zn price US$0.91/lb with aud ~ .94 say ~ au$2100/t we are now looking at ~$1900/t.The augmentation I assume will help and the eafd addition would be better but no news in that regard.However overall the lower production and price show at this stage the hellyer mill will make a loss.My calc's using last qrtr figures indicate Intec this qrtr losses could jump to $3-4m last qrtr was a $2m loss.And of course if the Hellyer mill does run at a loss Intec now carry 100%.At this point it seems only a rise in Zn and Pb prices will save Intec further loss,lets hope its not to little to late.