Forum Archive Index - February 2004

["Baa Baa" <baa_baa@hotmail.com>]

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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