Thanks to Loanstar for this
Dear Dave,
Pleased to understand that Intec is continuing to work to the Whyalla schedule published in the June Quarterly and that nothing has emerged to make it inappropriate to implement the project in late 2009/early 2010.
With suitcases hardly unpacked it was also a bonus to be provided with some positives on the China visit and to learn that work on the Browns Sulphide Project continues. Might we be given within a reasonable timescale - say, before the end of the month - a further update on the outcomes of the 3 site visits (one of which was presumably to the feasibility study at the plant in south-east China) and on the electronic waste opportunity?
Thanks
Response from Dave Sammut, Intec Ltd
Hi Loanstar,
Thanks for your input. Certainly, if the outcomes of the various site visits in China develop appropriately, and if the Intec Board approves the advancement of any such opportunities (either at the Board meeting next week, or at such other time as is relevant to the timing of developments, if any), then we will make further announcements to keep the market fully informed.
Any project you care to name - Whyalla, Browns Sulphide, China projects, etc - takes time to develop, with the resources committed appropriate to the scale of the opportunity and its likelihood of success. We are taking a very careful approach to the current projects, using our limited resources strategically, and not making promises to ourselves, potential project participants or our shareholders about their outcomes, unless or until we are certain. In the meantime, we will continue to do our best to keep the market informed of our activities and our progress
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