asx release., page-34

Hi Waveman.

Dave Sammut, note Sammut, like the Company has to always be on the cautious side when talking about the Company. He and "it" have to put out responsible statements about all things Intec unlike many posters who can say practically anything and get away with it. Yes the risk side is there on a few fronts such as the process not working and not getting a "backer" of some sort or other.
Now as far as the process not working the Company has gone as far as it can to prove that it does. Lab bench tests, pilot plant and demo plant in that order. Yes the Company has modified what it is doing on occasions but it "knows" that it can certainly get zinc from EAF dust if it has to fall back to that position while it waits for other things to happen. That it has gone from the "robust" economics of Stage 1 to a combined Stage 1 and Stage 2 has hiked the capital needed but may be what some backer is more endeared toward.
Thus the "backer" and the negotiations about the deal remains the only hurdle to be overcome in my opinion. The augmentation of the ore feed should make the mill a better proposition to return to a profitable quarter.
Once again only time will tell.

Cheers.