is inl dependent on high zn prices, page-11

Jet,The margin of safety INL has, is within the type of operation it is, there is no mine or trucking of ore to mill. which in a conventional mine is where major costs are. At the pre feasabilty study period ZN was sub 50c lb................ Eighteen months ago I spent time at demo plant and hellyer mill, I was told at that time " a reasonable profit " could be achieved with ZN at 60c a lb. No doubt things have changed, but the game plan and production has not. Looking at the BRIC countries and other developing counties. I see the pull back in some base metals as an excerise that had to happen, there is plenty of positive infomation around to substantiate my thoughts .I dont hold as many as I Have done over the last 18 Months but still hold . Cheers.