recovery operation suggestion, page-10

Hi Deidre.
The "robust" nature of the IMRP Stage 1 seems to have been made less certain when you read the following comment from BB.
BB's comment is as follows.
All these options require capex to implement ... the shortest and cheapest route to unlocking value and proving the process has always seemed to me to be IMRP Stage 1 - zinc from EAFD. How "robust" the economics are at current zinc and acid prices is not publicly known, the fact that it hasn't proceeded is suggestive. If it needs 750kg of acid per tonne of EAFD, to leach a tonne of zinc from 40% feed would need around $900 worth of acid, not a lot left over for other costs and profit, hence the attraction of Stage 2 with in-plant acid generation.
We must assume that every option is being evaluated, my concern is that as the available cash dwindles, so do the alternatives.

To Deidre from Mango.
I don't think you will find out in a week exactly what is happening at Intec if you are relying on the Annual Report. It has been released in the past on the last day of September so you had better hope for an early release this year.
My hope is that the demand for zinc picks up. There is supposed to be a big surplus of zinc this year and going into next year however the build up of zinc stock in the LME is not great. Now that F&F have been sorted out in the US some confidence may return to the credit world. Also now that the Olympics is finished and the Paralympics has only about a week to run I think you will see demand for zinc pick up in China and pollution return.
The $A continues to slide so it all helps.

Cheers.