metals recycling project, page-23

I will be disappointed if any of those companies were to takeover INL.

I have alway regarded INL as having a superior product for recycling EAFD and for processing different ores. I always considered that when it got its first project up and running it would be only a matter of time until it proceeded to its second, then third etc with the cash flows from preceeding projects underwriting the finance for subsequent projects. That is, the time from the second project to the third would be shorter than the time from the first to the second. Similarly, the time to the fourth from the third would be shorter than the time from the second to the third.

That is I always considered INL to have exponential growth potential with them eventually out growing both Zincox and Horsehead.

I would be very disappointed if INL have approached them as potential JV partners.

Regards

SP