apg vs inl indicates 20 baggers for inl

Recently,APG becomes very hot in ASX market, its SP soared 350% from 3.1c to 10.5c, settled at 7.7c as at 21,04 2011.

APG has circa 1 billion shares on issue and it's current MC is around $80 million. compared with INL's 5.6m MC it's 14 baggers. I believe once the production commence at the end of this year, APG's MC may double, which could result a 28 baggers vs INL.

The APG soaring started from Nov, 2011 after it reached agreement with Kronos, a pigment producer.

"Austpac will commercially operate this plant which will use the EARS process to recycle mill scale and pickle liquor from steel mills and produce iron and hydrochloric acid for sale to the steel industry.

"This followed successful pilot scale work at Newcastle during 2010, which demonstrated that fresh hydrochloric acid and iron can be produced from these wastes."

"Kronos became interested in Austpac's technologies in 2010 following successful pilot-scale testwork at Newcastle."

"Pilot scale work at Newcastle has demonstrated that fresh hydrochloric acid and saleable iron can be produced from these wastes."

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As we can see the PAG's EARs technology was commercialized JUST a bit early than INL's SPL recycling technology , but INL thinks its technology is actually more advanced than APG. (See 1st QR)

1) In December 2010, INL announced:

"To date, the trials have successfully produced specified iron oxide, zinc metal, gypsum, and regenerated hydrochloric acid."

2) In April 2011, INL announced:

"These trials(P-II) are now complete. The operations have successfully proven the technology for the commercial scale"

"Even internationally, Intec could find virtually no competing technologies for the recycling of this type of zinc-bearing liquid acid ?waste? derived from batch hot-dip galvanizing operations."

3) Phase 3 targets a minimum of 1,000,000 litres per annum, then targets 13--15 Million liters in Aus market (same size with APG---7200t HCL.)

4) "Intec is therefore giving careful consideration to the potential opportunities for this technology once its commercial success has been demonstrated at the first commercial facility in Victoria. Market investigations will continue in parallel to the Victorian project development and implementation."

5) ? Intec has already received international enquiries about the developing SPL recycling technology
? Europe, USA and Asia (particularly the growing China & India galvanizing industries) might be huge potential markets.

Conclusion:

4)& 5) indicate that INL has great potential to repeat APG's story, I believe INL's SPL recycling technology IS WELL ADVANCED than APG because it also targets Gold and Copper !

Once positive(Done deal imv) Phase 2 data analysis announced in May, and Phase 3 commences the full production, INL's SP should be at least tripled than current 2.6c, I.E. at 8--9C range.

An agreement with international decent partner like Kronos, could result the SP further soar another 3--6 baggers to 30c-50c range.

IF APG's fair MC is settled within $100--200m range, INL definitely has the same potential value. At $100m, It's already 18 baggers for INL!

The deal is not far away, since the enquiries already underway, PII results may trigger an early stage aggrement imv. $100m MC perhaps looks like far far away, but APG takes only 4--5 month.

Cheers