So much for the billion plus dollar metals contained in the tailings dam, and my theory once that the stock was worth buying just for the contained silver in the tailings. The silver was highly recoverable using the Intec process. Now what will they get for it, or the mill, which while having a much lower book value, was not long ago estimated to have a replacement value of over $100m?
From the ASX announcement:
" . . Hellyer, Intec’s assets there have become non-core to the Company’s primary strategy of implementing the first commercial application of the Intec Process technology. Thus, given that it is unlikely that the international markets will see a return to competitive zinc and lead prices over the short- to medium-term, Intec has engaged Royal Bank of Canada to initiate the orderly sale by tender of the Hellyer Mill, tailings dam and associated infrastructure over coming months"
SDV Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)