I'm over this selling off because the present price of zinc is making the HZCP uneconomical to operate. I invested because I think INL's technology is the way forward in the extraction of metals from ores.
This was from INL's Quarterly Report 31Jul08
Following the successful completion of Phase I Laboratory testwork, UMMC has contracted Intec to proceed to a Phase II Engineering Study for the use of the Intec Process in a Russian project.
I may be incorrect but I think this was for the Udokan copper deposit in Russia on behalf of UMMC. This deposit is the worlds 3rd largest copper deposit.
Although UMMC missed out in its tender the undermentioned link states the the deposit will be mined utilising a hydrometallurgical process.
http://www.chinamining.org/News/2008-09-11...6656d17156.html
INL's connection with Outotec may bear fruit here as they are the worlds premier metals extraction technology company.
i should have listened...., page-9
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