intec

Many off beam posts today.

Intec apparently offered Jervois a non-deal with no cash and a process that doesn't extract gold (the main objective) and low grade zinc product from Hellyar that will be unsaleable when the zinc market corrects.

Also not so smart to sell out before seeing the tenor of Bullabulling drilling. Careful reading of the first nnouncement suggests Jervois is on to something, possibly a sizeable nickel sulphide deposit.

Jervois is experienced in nickel discovery as the Geo discovered Greenvale.

Then there's the uranium drilling held up by wet condidtions and on top of that a delegation from China
which has expressed strong interest in taking the project through to commercialisation. That would be a commitment of around $A1.2 B in equity and finance.

A smarter Intec would have set there and let the whole thing happen around them without lifting a finger...ie

50-60,000 tonnes of nickel pa (on a par with BHP's Ravensthorpe) ie sales of over US$1.5 billion pa at $30,000 a tonne when it is now over $40,000.

200,000 tonnes a year of ferrous oxide
5-6000 tonnes pa cobalt
possible uranium production
possible nickel sulphide discovery
a small but growing contribution from the Bullabulling gold leaching business
and further out even the possibility of a scandium industry sourced from the Nyngan deposit.

Intec has done well out of milking day traders but could have gone for serious upside.