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Update: Intec (INL)
I anticipate Intec will be following up soon
with an announcement
regarding progress on the Hellyer Project (approx A$1.6b
in contained
metals). Intec and Ivanhoe Mines acquired 50%
each.
Hopefully that will occur within the next few
weeks.
Regards,
Cris
----- Original Message -----
Sent: Monday, February 02, 2004 2:05
PM
Subject: Re: [sharechat] Chris --->
INL
Hi Baa,
Here's a really brief overview:
- 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.
- 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.)
- 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.
- 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
- Intec Refractory Gold Process (IRGP) is suited
to approx 30% of the world's gold (from memory)
- Ivanhoe doesn't own Intec. Ivanhoe Mines is a
major shareholder of Intec (INL) - 23.2%.
- 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.
- 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)
- 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.
- 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'.
- 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
- Intec in a position to create earlier cash
flow than would have been expected prior to Hellyer
acquisition
Hope this is sufficient for now.
Regards,
Cris
----- Original Message -----
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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