put your job on the line mr wood : perform or , page-26

Hi Gigarange.

Your comment “groundbreaking company saving be all-end all announcement”: “Commercial Zinc Production Commencement at Hellyer” was true at the time as Intec went from a purely research company to a cash flow positive company. Intec did very well out of the JV and was able to further its research very considerably. That the price of base metals fell so far was the cause of ceasing production at Hellyer. Unfortunately Intec is still viewed as a miner and until the new plant is bought and producing by their new researched method, that is the way the Company will remain in the Market's view.

Yes Intec sold Hellyer and so the Company has now only the remaining Bass Metals shares to sell if needed.

The value of the Hellyer Mill was of course severely discounted for the sale as is the value of the Newcastle plant Intec is negotiating to buy. A $100 million mill for $10 million is the same ratio as a $200 million plant for $20 million.

I don't know that your comment "Denial can be hard to overcome." won't come back and bite you in you know where when Intec is successful.

Cheers.