significant announcement today

The economics (earnings) have just doubled from the current HZCP Zinc / Lead operation with today’s announcement INL's 100% ownership.

Going on the 12 months to June INL made gross revenues of $23million - $11million for costs = Net $12Million which is officially now $24Million per Annum NET INCOME from the operation at the current prices going forward.

When Zinc gets above $1.00 and the AUD back to 90c INL will have NET revenues of over $35Million.

Sensational effort to get 100% ownership. IMO this isn't the end for Polly, maybe this has been agreed so that Polly becomes an equity stake holder in the Metal Recycling Project. Give up the 50% JV for the HZCP to take an interest in the company maker Metals Recycling Project which is on the cusp of delivery. Remember going on the June Qtr report INL have a (Pre Financing Announcement due this month so don’t be surprised if Polly pops up)

I’ve Been busy today so have ignored the rubbish posted about this stock going back to 2c, absolutely laughable that post, and hows the blatant manipulation to send the stock back to 3.6c

Like I’ve predicted all along a big second half of 2008 for INL.

All IMO of course.

Regards