for comment, page-8

"So now all INL has is its intec process, where is this process. Burnie BFS due out months ago! Its either not working properly and needs ajustment or doesn't work at all on large scale processing. Also lets say for arguements sake they prove the tech, where are they gonna get the money to fund it?"

No offense intended, but this could be the dumbest post of the year.

So $3,000 million worth of metal in the tailings dam is "nothing"?

Did you not read the Stock Resource research report which said, "There has been a market expectation that the company would have already announced a go-ahead for this 10,000tpa zinc sulphide project but we understand that modifications to the project will now allow it to process the tailings from the
Hellyer tailings project (HZCP) to add lead production to the planned zinc production. Hence, the company
claims that this first commercial application of the Intec Process will involve:
Feedstock 1: 25,000tpa Electric Arc Furnaces Dusts (EAF) and: 56,000tpa lead sulphide extract from the cleaner tails of the Intec Hellyer Mill
Product: 10,000tpa high-grade ZnS (6,500t zinc metal) and 13,000tpa PbS (10,600t lead metal)
Therefore the company has the opportunity to increase its revenues through the addition of 10,600t of lead metal and which could contribute an additional A$25m pa in revenue. The company is planning further testing at the Burnie demonstration plant later this year."

So the delay is all about gaining an extra $25 million revenue pa from the lead to add to the $30 million or so from the zinc extracted from the EAFD, (which they get paid $2.5 million pa to take), which is additional to the $18 million or so they're already making from the concentrate project, (which will become $36 million in a few years when the joint venture finishes). The Zeehan slags and other feedstock is additional, and will provide the opportunity for future expansion.

So when the residues project is up and running, Intec will have an initial annual revenues of approximately $75.5 million, expanding to $93.5 million when the joint venture with Polymetals finishes. $93.5 million is their current market capitalisation.

Yes, they're REALLY going to have trouble getting a loan to pay for the full-scale plant!

The potential for involvement in other projects via their technology (for which they've already received three international expressions of interest) is just extra blue sky/cream on the cake.

I don't know why it's neccessary to spell out the bleeding obvious to you people. There's a chance that dummies will over-react to the BSM announcement tomorrow and sell down INL another cent or two. If you can't recognise a screaming buy when it's right in front of you, you should give up investing.