SDV - SciDev Limited

[Meso1973]

Howdie guys (and girls)....am new to this forum....and having just posted a reply to a penny share thread, i thought that i may as well start one for this stock on its own - as it will soon become a multibagger or multiplonker !!!
I have simply cut and pasted what i wrote over on the other thread.

Please remember to DO YOUR OWN RESEARCH (won't you....)


INL is a short-term speculative........with potential high-rewards....

Currently been trading at 6 to 7c. with about 435M shares on issue this is about <=$30M market cap.

Tis another techie within the mining industry, and is sitting on an inground value of some $1.2billion in the form of the Hellyer Tailings Dam (based on current commodities prices)....
One of the pre-feasiblity studies has come up with a 11(or21) yr production life, for Net cashflows of $67M(or $56M) per year.

Martinplacesecurities.com has them as a buy with a target price of 28c.

basically it has technology that will take out the zinc, lead, silver, copper and to a lesser extent the gold from the tailings, and sell it for loads of cash.
They are in the middle of the BFS (bank feasibility study) and they will announce the prelim results in early Q1 2006 (calendar year), with the final BFS study scheduled to be announced (i think) at the end of Q1 2006(calendar). And if production happens, then its supposed to start in 2007.

It also has Macquarie Bank on board to do the capital financing if the BFS comes out good as expected; and some of the big miners have been pestering them about their Intec Gold process, but they have been concentrating on getting the Tailings Dam project up and running.

I am in with a small amount - cos as some research has indicated; a couple of other techie projects like this have failed miserably b4, however they did not set up a Demonstration Plant the way Intec has done, and is using it for its BFS.....(the others simply went from lab to full production). I got myself another parcel at 7cents, and have seen it tumble to 6.2cents.....so i put another order in yesterday.....(only time will tell..... !!!!!)

During Nov, they will be using the 'steady state' to see what the metal recoveries are like etcetc....and this will then be used for the BFS calculations.....so will be interesting to see what happens to the sp over the coming 2 to 3 months.....

Please remember to DO YOUR OWN RESEARCH.

 

[Kipp]

Mega Breakout today- even touched 10c to close about 8.8c, I thought about buying this morning at 7, but clearly missed the signs... curse my Newbie procrastination!!!!

 

[coladuna]

Any thoughts on the pending annoucement regarding capital raising?
Good news? Bad news? Neither?

 

[coladuna]

Has anyone purchased INL shares under the share purchase plan?
I've done something really stupid and I'm worried that I will not be eligible to purchase shares under the SPP. I faxed the application form and paid by credit card but I had a brain fade and sold my INL shares today!!
Terms and conditions states that "Intec shareholders (currently numbering approximately 1,500) who were recorded on our
share register at 5.00 p.m. on 5 May 2006 (the Record Date)" are eligible to participate. Does that mean I'm safe? Can't believe what a stupid mistake I've made! :swear: Very angry at myself for this. Any opinions would be appreciated.

 

[Kipp]

Has anyone purchased INL shares under the share purchase plan?
I've done something really stupid and I'm worried that I will not be eligible to purchase shares under the SPP. I faxed the application form and paid by credit card but I had a brain fade and sold my INL shares today!!
Terms and conditions states that "Intec shareholders (currently numbering approximately 1,500) who were recorded on our
share register at 5.00 p.m. on 5 May 2006 (the Record Date)" are eligible to participate. Does that mean I'm safe? Can't believe what a stupid mistake I've made! :swear: Very angry at myself for this. Any opinions would be appreciated.

I think so Coladuna. I'v done the same thing with MAP (but believe me I'd rather be on the INL train!!!) you don't actually need to be a shareholder now, just at the time of registry i.e. the 5th of May) what you do after then is up to you.
Not 100% on this, but I think you're in the clear.
P.S. at what price did you sell out?

 

[coladuna]

I think so Coladuna. I'v done the same thing with MAP (but believe me I'd rather be on the INL train!!!) you don't actually need to be a shareholder now, just at the time of registry i.e. the 5th of May) what you do after then is up to you.
Not 100% on this, but I think you're in the clear.
P.S. at what price did you sell out?

Thanks Kipp. You gave me peace of mind. I'll check with the registry tomorrow though.
I sold out at 0.155.

 

[chennyleeeee]

Has anyone seen this stock? They specialise in hydrometallurgical processes, which is a process that refines ores into commercially feasible metals. Their major project is a plant in Hellyer near Burnie in Tasmania, and its expected to bring in something like 15$ in september of this year. The stock price has already jumped up a little when this announcement was made but I think its still got some bounce left in it yet.

Their office is in the school of chemistry at the university of sydney so im assuming they have some good chemists undertaking this project.

Any thoughts?

 

[chennyleeeee]

Whoops sorry, I didnt noe a thread existed already. Ignore the last one

CHEN

 

[Sean K]

I've been following this for a little while. It's ranging between .11 - .15c now and everyone is waiting for news on the project which seems to be continually delayed. And they sometimes come out with statements that you think are supposed be related to the technology but are actually other minor developments elsewhere. So, read the announcements carefully!

This stock has massive potential if the technology works. I think watching volume and price action may be the best way to see if a positive anouncement is coming out. Be ready.

If it breaks below .105c though, watch for a fall to the next support level at about .06c!

 

[chennyleeeee]

If it fell to 6 cents, it would be ignoring the past announcement. I wouldnt think it'll fall anywhere below 10 cents or they'll be a surge of buyers unless the project falls and we're back to square one. It's been able to hold pretty well at 11.5 cents, sellers are reluctant to sell any lower and buyers are being stubborn. They recently announced that they sold their bulk zinc concentrates which they got for free when they brought the warehouse. In relation to everything else thats announced, its all relevant to the project in Hellyer.

They have other projects but the Hellyer one is the major concern. Steady Stage proved successful in refining zinc to feasible purities and its just about whether or not they pull the commercial stage off. It shouldnt be too long guys *fingers crossed*

CHEN

 

[chennyleeeee]

Another wonderfully stable day. Sellers are not giving in.

 

[pacer]

Ok I'm in too 4200 shares to stabilise the the price for CHEN....aren't I a nice bloke...hope it all pans out for us!..............................

 

[juddy]

This was one of my 2007 picks. Nice volume today (one buyer of 1.5m shares in particular).

 

[chennyleeeee]

I was so happy to see my position statement go up today, surprisingly it was INL that was making it happen,

2.5 millions shares traded at 0.130
Im very happy about that. Thats 2.5 million shares that wont be seen for a while. Hopefully we get some good news soon. No one likes waiting it tends to bring the price down.

CHEN

 

[vince]

Of all the zinc mines in the world 88% are underground mined, with 10% open cut method. Depending on a number of situations ie. rock formation, depth of ore, location of mill to mine, all of which affects the bottom line $$. Currently the price on zinc is $1.53 lb, In the INL situation the ore to be processed is 500M from the mill sitting in the tailings dam ready to be pumped.

It is a fact that if zinc was 60-70cents a lb there would still be good profits to be made in this situation, but with dwindling inventories and demand still on the rise, and even if zinc came off 25% we are still looking at $1.12 a lb which sits in the very profitable range for INL.
The eafd and zeehan slag processing is another " easy get' and another story. Cheers, Vince

 

[Sean K]

INL up 16% on much higher vol than usual. Something in the wind I'd say.

 

[vince]

After 2pm basically 3 trades were responsible for the rise 250k 400k and 1.3mill. cannot see why that will not continue tomm. cheers Vince. ps. wonder if there was a presentation on INL at dealers and diggers which kicked off today.

 

[vince]

gears up for 2006 production
By Mark Mentiplay - RESOURCESTOCKS*.
Wednesday, 30 August 2006

WHILE Intec's first commercial product sale of a minor parcel of low-grade bulk concentrate from the defunct Hellyer Mine went barely noticed, it heralded a major step forward for the company's three-stage development of the Hellyer Metals Project in Tasmania.


When Intec acquired the Hellyer assets from the receivers of Western Metals in January 2004, they included 2000 tonnes of then unsaleable, low-grade bulk concentrate.

This was the last concentrate produced before the exhausted Hellyer polymetallic mine was shut down in 2000. Having been rejected as 'off-spec' at the port of Burnie by the prospective buyer, the concentrate had since taken up space at the Hellyer concentrates storage shed.

The bulk concentrate parcel graded a bare 21.5% zinc, 17.7% lead, 375 grams per tonne silver and 2.3gpt gold. It also contained appreciable contaminants.

Remarkably, Intec sold the parcel earlier this year into northern Asia for $A250,000.

"The bottom line is that if we could sell that parcel, we can sell a lot more of a much higher quality product from Hellyer in the current zinc concentrates market conditions," Intec managing director and chief executive Phil Wood told RESOURCESTOCKS.

"Importantly, the parcel was Hellyer material with the same mineralogy as the much-better zinc bulk concentrate we will begin mass producing later this year from Stage 1 of our Hellyer Metals Project," he said.

The deal, therefore, augurs well for future sales from Stage 1 of the Hellyer Zinc Concentrate Project (HZCP) 50:50 joint venture with unlisted Polymetals Mining Services.

Polymetals, which operates the Mt Boppy gold mine near Cobar in New South Wales and the Nimbus silver mine near Kalgoorlie, is providing all the start-up capital costs and operator services for Stage-1 HZCP.

Two dredges will be operating on the huge Hellyer tailings dam, pumping the already finely ground zinc-bearing tails to the existing 1.5 million tonne per annum mill, where it will be reground and floated.

"The result is a rather average-quality zinc bulk concentrate, but readily saleable in the prevailing market and very cheap to produce," Wood said.

The HZCP JV has already concluded and signed attractive terms on frame offtake agreements, to be announced shortly, he said.

These sales will come from initial production forecasts of 70,000tpa of bulk concentrate grading 40-43% zinc, 9.5% lead and 170gpt silver scheduled to begin before the end of September, with the first concentrate shipment out of Burnie expected before the end of this year.

Production at that level should be worth pre-tax cash flow to the Stage 1 HZCP JV of about $A40 million a year at the current zinc price.

However, Wood said Intec and Polymetals were crunching the numbers and conducting technical work to increase that production level via greater mill throughput, the possible processing of ore from the nearby Que River mine – being re-opened this year by Bass Metals, of which Intec owns 22% – and potential beneficiation and blending of electric arc furnace dust (EAFD).

This is just the first of Intec's intended three-stage Hellyer reincarnation as a long life residue retreatment facility, with cash flow from each stage expected to fund the next.

"We need firstly to walk, then jog, then run," Wood said, "particularly in this commercial environment of generally escalating project costs."

Thus Stage 2, the Hellyer Zinc Oxide Project, is scheduled to begin later this year with refurbishment of Intec's polymetallic demonstration plant at Burnie to produce saleable quantities of zinc oxide from Intec's 20,000t EAFD stockpile in western Melbourne, acquired earlier this year from Smorgon Steel.

Following success at Burnie, it is expected work will begin around mid-2007 on a commercial Intec zinc oxide plant at Hellyer, to treat 100,000tpa of oxidised zinc-bearing secondary residues, such as EAFD, lead smelter slag from nearby Zeehan, primary leach residues, para-goethites and even higher grade zinc oxide ore itself.

Intec has an agreement to acquire the 450,000t slag dumps near Zeehan, 90km away, which have $A300 million of contained metals value.

These feed materials are expected to average 20% zinc grade and enable high zinc recoveries into over 20,000tpa of saleable zinc oxide.

Stage 3, the originally conceived production of five saleable metals using the patented Intec Polymetallic Process, will see long-term production by combining both the tailings and zinc oxide residues of the previous two stages.

The Stage 3 polymetallic plant at Hellyer will incorporate the Stage 2 zinc oxide plant within it, as well as being able to treat all base metals concentrates produced through the Stage-1 tailings dredging recovery and Intec Hellyer mill capabilities.

The 11 million tonne Hellyer tailings resource alone contains just under a million ounces of gold, 305,000t of zinc, 330,000t of lead, 30.8Moz of silver and 17,400t of copper, worth about $A3 billion at current prices.

As an indication of how prices for commodities have risen in the last year or so and how they have enhanced the Hellyer Metals Project, when RESOURCESTOCKS spoke to Intec in May last year, the same Hellyer tailings resource was worth about $1.6 billion.



Philip Wood

Wood said the newly staged development of the Hellyer Metals Project was aimed at securing the earliest possible cash flow to fund ongoing project development, thereby minimising necessary recourse to external financing and hastening returns to shareholders.

"The major difference between Intec and other similar companies is that we already have existing, proven, above-ground resources and the processing facilities and technologies to treat them. We can therefore provide nearer term metals products in response to current high prices," he said.

"This is why we are opting for the three-stage development model for the Hellyer Metals Project, which brings forward much earlier and significant cash flow, with lower upfront capital expenditures and perceived technical risks, without losing sight of our unique metallurgical vision."

Intec listed on the Australian Stock Exchange in May 2002 and on the Deutsche Boerse earlier this year, to further develop and enhance its patented chloride hydrometallurgical Intec Process that produces high purity base and precious metals from sulphide ore concentrates.

The process has substantial cost and environmental advantages over both conventional smelting and sulphate-based hydrometallurgical processes.

Originally developed for copper resources, it can economically unlock valuable base and precious metals from a wide range of sulphide and oxide deposits and improve the economics of operating mines and downstream processing facilities.

Intec's pilot plant for the Hellyer Metals Project was built in Sydney in 2004 and ran successfully on tailings from Hellyer, the base metals mine operated by Aberfoyle and then Western Metals between 1989 and 2000.

The Hellyer ore had a complex refractory nature, which led to a significant part of the valuable metals being lost to the tailings dam.

Beginning in 2005, Intec designed, constructed, commissioned and now operates continuously a demonstration plant at Burnie, 80km north of Hellyer, which was officially opened by Tasmanian Resources Minister Bryan Green in September 2005.

The Burnie demonstration plant is now treating a blend of Hellyer polymetallic tailings, EAFD from Smorgon Steel and OneSteel, and will shortly treat Zeehan lead smelter slag.

The demonstration plant is running in close parallel with WorleyParsons' bankable feasibility study for the overall Hellyer Metals Project.

WorleyParsons' recent merger with Canadian firm H.G. Engineering, with which Intec has had a long-standing partnership, will conveniently see a lot of the engineering work on the Hellyer Metals Project brought back to Australia.

Wood acknowledged there had been delays of quite a few months on the BFS due to the inevitable frustrations of running a demonstration plant, "but we are finally getting good data from it in steady state and should have all the information we need by the time we close it down in mid-August".

Macquarie Bank has been appointed as lead manager for financing of the staged Hellyer Metals Project.


this is close to the latest update of where INL are at not sure if there are holders here. but good luck if thetre are, Cheers. Vince

 

[vince]

Opps This is the latest -------------
In most mine ' start ups' there is always delays 3- 6 months 0r more due to the complex of alighning all operations, Its a credit, in INL,s case that no such delays are evident as it appears to me production will start between 15/9 and the 30/9 ,the two minor glitches have been overcome, and so far its been a great effort by managerment to achieve meeting all these deadlines. The bonus is ZN and PB are on an uptrend over the last few weeks with ZN @$1.63lb and PB @$0.60lb overnight, a nice time now maybe to secure some hedging on forward sales .I believe the sp has held well ,and no way are major holders letting go. Good luck to all holders and it certainly will be worth the wait , Cheers Vin .

 

[vince]

Very surprised by lack of interest in INL on this forum, it will pop within 2 weeks .There are many projects included in this companys future, they have been 10 years in the making, the first is to be producing with-in 3 weeks and that is on track, the first zn producer to start up in this country in 2006. A long story but by the end of 2007 they may very well have 2 mills and a demo plant producing PB, AU.AG with the primary target of zinc concentrates.
The 11 million tonne Hellyer tailings resource alone contains just under a million ounces of gold, 305,000t of zinc, 330,000t of lead, 30.8Moz of silver and 17,400t of copper, worth about $A3 billion at current prices.

As an indication of how prices for commodities have risen in the last year or so and how they have enhanced the Hellyer Metals Project, when RESOURCESTOCKS spoke to Intec in May last year, the same Hellyer tailings resource was worth about $1.6 billion.These sales will come from initial production forecasts of 70,000tpa of bulk concentrate grading 40-43% zinc, 9.5% lead and 170gpt silver scheduled to begin before the end of September, with the first concentrate shipment out of Burnie expected before the end of this year.

Production at that level should be worth pre-tax cash flow to the Stage 1 HZCP JV of about $A40 million a year at the current zinc price.

Cheers to holders