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Hi Baa,
The upside on this penny
dreadful to-date is a gain of around
280% with gains as high as 380% if you had
sold at the top end of the recent rally.
Not bought on recommendation - was researching
stocks - stumbled across in 2002 - caught my attention - researched
- have been following and talking about in this forum (and
to anyone else who'll listen) ever since.
Have you visited their website yet? It's an excellent resource for becoming more familiar with
what they do - ASX notices also.
Have been 'in' for some time now.
In consideration of the Hellyer acquisition, I
believe INL is still way undervalued. I suspect that's because
it's not yet on the Gold Producer radar (as mentioned
previously).
My understanding is that gold that's sitting in the
tailings dam is readily available and could be processed fairly quickly
(how much and how soon will depend on the processing capacity of their
pilot plant).
If of interest, happy to share additional info as it
becomes available.
Regards,
Cris
----- Original Message -----
Sent: Tuesday, February 03, 2004 9:41
AM
Subject: Re: [sharechat] Chris --->
INL
Thanks Chris. That looks like good information, but still not
sure 'why'
-you- like it. What upside do you see here? p.s. I've asked
around some of
my Aus gold stock investor friends and noone is into INL at
this stage, or
knows much of anything about it. Did you get in on a reco?
You are 'in' INL
aren't you?
TIA, BAA
>From: "Cristine Kerr"
<criskerr@optusnet.com.au>
>Reply-To:
sharechat@sharechat.co.nz
>To:
<sharechat@sharechat.co.nz>
>Subject:
Re: [sharechat] Chris ---> INL
>Date: Mon, 2 Feb 2004 14:05:38
+1000
>
>Hi Baa,
>
>Here's a really brief
overview:
>
> a.. Intec initially developed a patented
hydrometallurgical process for
>copper and has since been adapting and
patenting this process to suit other
>minerals. All processes developed
are offered under license.
> b.. a copper processing pilot
plant (employing Intec's process) has been
>in operation for some time
now in Hitachi, Japan - was constructed by
>Nippon Mining & Metals
Co Ltd (NMM), an Intec sub-licensee (the Japanese
>govt agency, New
Energy and Industrial Technology Development Organisation,
>and Mitsui
Mining & Smelting Co Ltd co-funded with NMM on the Intec Copper
>Pilot Plant Programme.)
> c.. Rautomead in Scotland
(world leader in its field) used the A grade
>purity molten copper
processed by this technology to create upwardly cast
>oxygen-free
copper wire rod.
> d.. Intec's process results in cheaper
production costs (shorter
>production path) and is environmentally
superior - no cyanide is employed
>in the process - reduces
environmental clean-up costs
> e.. Intec Refractory Gold
Process (IRGP) is suited to approx 30% of the
>world's gold (from
memory)
> f.. Ivanhoe doesn't own Intec. Ivanhoe Mines is a
major shareholder of
>Intec (INL) - 23.2%.
> g..
Ivanhoe and Intec set up IVNL Gold Pty Ltd as a jointly owned
>(50/50)
separate company that could bid for the Hellyer project - IVNL Gold
>Pty Ltd was successful in acquiring Hellyer.
> h..
Hellyer tailings dam (above ground) - gold, zinc, lead, silver,
>copper
(in descending order of value) - as at 31 December - value approx
>A$1.6 billion - (NB lower cost to produce - no need to dig it out from
>underground)
> i.. Intec has recently completed a
pilot de,onstration plant for the
>IRGP process and is able to process
gold now and prove the benefits of its
>patented technology. First gold
processed will be Ivanhoe's. Second will be
>Intec's/Ivanhoe's, i.e.;
Hellyer.
> j.. Intec is not an explorer, but the fact they
don't blow big holes in
>the ground shouldn't preclude them from being
classified as a producer as
>they still produce gold (even if from
tailings). However; am prepared to be
>corrected if majority feel they
don't fall into a broader definition of
>'producer'.
> k.. Intec perform paid consulting work
for mining industry - they will
>be one of many related businesses that
will benefit from upward metal
>prices and cashed up mining companies
seeking to upgrade or implement new
>processing technologies or
implementing environmentally-friendlier
>processes
>
l.. Intec in a position to create earlier cash flow than would have been
>expected prior to Hellyer acquisition
>Hope this is sufficient
for now.
>
>More info is available on Intec's website at:
>http://www.intec.com.au/html/home/default.shtm which really is a
worthwhile
>visit.
>
>Regards,
>Cris
>
>
>
----- Original Message -----
> From: Baa
Baa
> To: sharechat@sharechat.co.nz
>
Sent: Monday, February 02, 2004 11:54 AM
> Subject:
[sharechat] Chris ---> INL
>
>
> Still keen
to hear your views on why this is a decent stock play. We got
>to
> the point of noting it was a gold refiner as a
byproduct of refining
>other
> metals, mainly zinc
and copper. It partly owns a stake in Hellyer. Heres
>the
> chart ...
>
>http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=au%3Ainl&sid=0&o_symb=au%3Ainl&freq=2&time=20
>
>
C'mon back.
>
>
_________________________________________________________________
>
Surf the net and talk on the phone with Xtra Jetstream @
>
http://www.xtra.co.nz/products/0,,5803,00.html
!
>
>
>
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