You'd have to think, why has PW gone to London /Europe (last week) then the USA (next week) when the real nitty gritty hasn't been disclosed and by that I mean the MRP Stage 1 & 2 economics.
The retail market has punished this company for the simple fact that there hasn't been much detailed disclosed on the MRP to date. Mums and Dads investors have run like 'usain bolt' from Intec's share register over the last 12 months, when the company continues to gain strength and firm up its major play the MRP, while it's Zinc / Lead operations continue to be cash flow positive when every other producer is going down the proverbial.
Nystar head quarters are where?
"The new smelting company, Nystar, will have its head office in London and be incorporated in Belgium."
Now it’s pretty well known that Nystar & Smorgon / OneSteel have been linked to play a part in the Intec Metals Recycling Project at Hellyer.
Intec have been trying to lift the scale of the MRP and hence Stage 1 (35KT EAFD Zinc plant) & 2 (56KT Lead plant) to be jointly developed for operating cost reductions and of course far greater revenues.
Interesting times ahead and as we near the end of the September Qtr, and INL now owning 100% of the Hellyer Zinc / Lead concentrate operation, the next quarterly will be a very interesting read.
There are always a few stocks that go against the general market trend, and the market is well and truly in the poo at the moment, INL certainly could be one of those stocks.
Regards
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