Forum Archive Index - February 2004

["Cristine Kerr" <criskerr@optusnet.com.au>]

Interesting activity on INL today.

 

----- Original Message -----

From: Cristine Kerr

To: sharechat@sharechat.co.nz

Sent: Tuesday, February 10, 2004 12:31 PM

Subject: Re: [sharechat] INL - Intec

I consider this stock to be worth more than its present price due to the speed of their IRGP in comparison with standard mining processes, i.e.;

no mining/digging is required as Intec's patented Refractory Gold Process (IRGP) is able to process the refractory gold already above ground within the Hellyer tailings dam.

INL retraced following the announcement of the Hellyer acquisition and the rally that followed in January (17.5c down to 12c).

The majority of holders under 12c would be the long-termers so this should mean the gap has already been filled.

I recommend anyone interested in Intec (INL) visit their website to gain a better understanding of their patented processes which apply to gold, copper, etc.

It would be wise to understand why Intec will be able to gear up and produce gold much faster than can be achieved using standard mining processes.

http://www.intec.com.au/html/home/default.shtm

Regards,
Cris

----- Original Message -----

From: Cristine Kerr

To: sharechat@sharechat.co.nz

Sent: Tuesday, February 10, 2004 10:32 AM

Subject: Re: [sharechat] INL

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 -----

From: Cristine Kerr

To: sharechat@sharechat.co.nz

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.

 

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 !


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/