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Hi Scope, the current rise in the POZ & POL it’s safe to say has had a very limited impact on INL's share price, $0.185 compared to other producers in the market, frustrating, tell me about it.

A current EBITDA would be around $27 million, my investment model / valuation has INL currently on a PE of about 4-5 this is just for the HZCP JV and i've used a discounted POZ & POL.

Now add BSM’s high grade ore, which I’m sure INL won’t be processing for FREE so you could comfortably add say minimum another 2-3 million net revenue to the bottom line, there’s your $30m EBITDA and what’s INL’s current market cap $100million (lol).

Scope my gut feel is that the market is waiting for something, people understand conventional mining (dig, crush, process etc like BSM) but when you start talking tailings (Helleyer 11mt worth $3 BILLION), EAFD, Zeehan Slags well you get the picture.

Mac Bank broker coverage will be very important, they will add into the equation INL's various processes (tech), the IHRP which will double the current EBITDA from 2008.

INL would have to win the award for the most misunderstood stock on the ASX, I feel that we have the following key indicators for share price appreciation:

Broker Coverage (Mac Bank)
Technology (IHRP), Ammtec Report (BDP)
HZCP production update,
JV (BSM) ore sales agreement & trial mining results
Insto’s Buying
POZ, POL & POS

IMO looking at the current depth the sell side is stacked and is reeking of share price manipulation.

Regards

Ps: When Mac Bank truly get on INL they will purchase a good 75-100 million shares, mark my words.