Hi 3500 and All,Dave has replied to Stuart on Intec's Forum as...

Hi 3500 and All,

Dave has replied to Stuart on Intec's Forum as follows regarding the valuing of the Company.

"Hi Stuart,

As you noted right up front, there are a lot of unknowns about Intec's near future. Given that we don't have the types of traditional infrastucture, operations or projects that would be familiar to an independent researcher, there is little that expensive external research could add to the discussion. It simply isn't a good use of funds at a time when we want to maximise the benefit from the the available cash. Moreover, the current Board review means that some of Intec's strategies and expectations may well change, which would make today's paid research or forward-looking statements by Intec even less accurate or relevant."

Naturally Dave is correct. How can anyone presently put value on Intec. Too many unknowns as to whether the GBG process will work, if it works which galvanisers will sign contracts, if galvanisers do take up contracts how many will there be, how quickly will the number of contracts grow, what is their pickle waste volume per annum. So many questions and no possible answers to any of them at the moment.

As usual only time will tell. Like everyone I'm sweating on the release of something significant about the pickle liquor project.

Cheers.