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From: | "Cristine Kerr" <criskerr@optusnet.com.au> |
Date: | Wed, 14 Jan 2004 14:57:22 +1000 |
Hi,
Intec has also just completed their pilot plant for the processing of refractory gold. The plant will move into production very early this year to prove scalability and economic advantages of Intec's gold processing technology which is suited to the higher proportion of the world's gold reserves. (I believe the first batch through will be Ivanhoe's.) Once proven, the process will become more attractive to prospective licensees. NB Apart from the economic advantages of the processing technology, Intec's gold process is also cyanide-free = no cyanide leach which presents a danger to the environment and is expensive to destroy. News items can spark 'hot' activity on a stock. The stock may then display some retracement from profit-taking and continue to climb, OR; will 'cool' if the 'value' of a news item has been 'guesstimated'. As guesstimates increase risk, this is when gap filling on retracement is most likely to occur. The 'gross value' of Intec's latest news item is not unclear. It is very clear, therefore; I
don't anticipate a complete retracement, in fact; it seems to
be
consolidating now before the next upward leg.
I am
sufficiently confident to predict the stock value
will continue to rise consistently. (In my opinion) 'INL could easily reach $1 by year end (in the absence of any adverse news)'. Regardless of trading style, INL is worthy of time spent in research. Regards,
Cris
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