interesting facts

I came across the following from another poster on another site

hope it clarifies a couple of things

INL = Monster stock

too bad people are selling out early and trying to bag it for ridiculous reasons...
also
Have no idea why people are comparing this to zfx or kzl... why not cbh...?????

I asked a smart.ass.... what the projected zinc productions figures for cbh were yesterday and the grades and guess what no response... ok i haven't done my homework on cbh admit that but for a minnow to hold a market cap of 579 million well inl looks relatively cheap...in comparison


lots of room to move


Highlights from AGM Presentation today:


1) "First and only new producer of zinc in Australia for 2006"

2) "Flawless operation", No metallurgical issues".

3) "achieving better than design outcomes"

4) "low level of impurities"

5) "Initial throughput of 1.5Mtpa tailings to produce
~ 65,000tpa bulk-zinc concentrate grading:
40-43% Zinc, 7-10% Lead & ~ 200g/t silver

6) "First 5,000 tonne shipment expected end of December"

7) "Off-take contracts in place with Chinese smelters:
a) 20,000tpa for three years
b) 20,000tpa for two years"

8) "Further three-year 5,000tpa contract under
negotiation".

9) "Remainder of production to be sold at spot price"

10) "1.5mtpa =
a) at Zn price of $us0.90 = $AUD9.5m EBITDA
b) at Zn price of $us1.50 = $AUD24.5m EBITDA
c) at Zn price of $us1.90 = $AUD36.5m EBITDA"

(these are figiures for INL's share of the JV and it only includes zinc production not Pb or Ag which will add further profits).

11) It is likely that production will be ramped up to
2.0mtpa, that EAFD will also be blended to increase
zinc output, treatment of third party ore (discussions
underway with three other parties).

acquires Encore Metals NL and Zeehan Slags Project

Intec Ltd has entered into a binding agreement to acquire unlisted Encore Metals NL and its Zeehan Slags resource.

With technical and commercial due diligence already complete, the transfer of ownership is being effected immediately.

Encore is the registered holder of Retention Licence 3/1996, located three kilometres south of Zeehan, on Tasmania’s West Coast, only 80km from Intec’s Hellyer mine site.

The Zeehan Slags comprise the century-old 460,000 tonne lead smelter slag dumps resource, grading approximately 13.6 percent zinc, 1.5 percent lead, 55g/t silver, with indium and minor copper also present.

This corresponds with over 60,000 tonnes of contained zinc, nearly 7,000 tonnes of lead and 780,000 ounces of silver, with a combined in-situ metals value of over A$364m at today’s metals prices.

Zinifex Ltd holds certain contingent co-exploitation rights in relation to the Zeehan Slags for which it is entitled to receive a production-based royalty.

Intec’s subsidiary, Intec Hellyer Metals will acquire all of the issued capital of Encore for a consideration of 20 million Intec shares, to be issued pro-rata to Encore’s four shareholders.

Encore’s four shareholders will also have the right to purchase a further 20 million Intec shares at a price of 18 cents per share upon the earlier of October 23, 2008 or the decision by Intec to commence commercial treatment of the Zeehan Slags.

Intec’s Managing Director and Chief Executive Officer, Philip Wood said that securing the Zeehan Slags resource considerably increased Intec’s oxidised metals inventory and would assist the company to establish an early second cash flow that will take advantage of the prevailing strong metal prices.

“Intec’s first cash flow is commencing right now in conjunction with partner Polymetals (Hellyer) Pty Ltd, with the production and sale to Chinese smelters of a bulk zinc concentrate using our existing Intec Hellyer Mill and tailings dam resource,” he said.

“The second cash flow will phase in when the Zeehan Slags are co-treated with our electric arc furnace dust stockpile, using Intec’s proprietary chloride leach technology. Our Burnie demonstration plant will be reconfigured to process these two feedstocks within the year to produce zinc metal and/or zinc oxide in commercial quantities.”

Mr Wood said the company expects to build a significantly larger zinc-bearing oxidised residues treatment plant at the Hellyer mine site, which will eventually be integrated, along with the Intec Hellyer Mill treating sulphidic tailings and ores, into the overall polymetallic Hellyer Metals Project.

Intec’s Senior Research Metallurgist, Dr Andrew Tong said that recent trials on the Zeehan Slags through the Burnie plant went very well, with zinc recoveries higher than expected and good filterability achieved.

“Now, when we leach our EAF dust in order to extract the contained zinc, the resultant acid can be consumed as we extract further zinc from the Zeehan Slags material, which acts as a neutralising agent. Thus, the co-treatment of these two feeds enables us to optimise the consumption of acid and maximise production of zinc units,” he said.


cheers
p