number crunching

Sorry guys,
My last post might have given the impression that i am throwing in the towel, but i was frustrated by the muted, rather negative market response to the Quarterly.
I thought to project some numbers to see where Intec will be in April 2012. I came to the conclusion that Intec will have about 10 m in cash within a year.
I'll concentrate on EAFD/Zeehan stock pile because there seemed to be some excitement about it in the Quarterly and also the fact that they included the Env. bond as an non-current assest in the Half Yearly but with an equal liability provision because of the "uncertainty".

Here's how the numbers work.
A)Cash drain:
about 5 m for paying staff and running the business.
Sounds large but i believe if you pay peanuts you get monkeys
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B) Cash in:
1. EAFD/Zeehan: Intec has 35k tons of EAFD with 27% Zn. They are mixing it with 100k tons of Zeehan stockpile with around 5% Zn.
The blended product will be 135k tons with 9% Zn. That has a market value of well over 30 m of contained metal.
I came to a conservative selling price of 5 m. Make your own assumptions.
2. Environmental bond 4.4 m (more then a possibility.)
3. Cash at hand 3 m.
4. Tax refund 400k (that was recieved after the Quarterly)
5. BSM Royalty around 1 m
6. small amount from ongoing test work.
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These are my assumptions which may be drastically different from everybody else's.
Please take some time to analyse them
A calculator will come in handy.
All this doesn't take into account any of Intecs other assets/ attractions.
1. SPL
2. Their technology which the market sees as a liability @ current MC.
3. 7% share in Greens which must be worth "something"
4. their multiple Zinc bearing stock piles.

To sum up, Intec is a safe place in the short to intermediate term. long term it could be huge.
Regards.