SDV - SciDev Limited

[juddy]

Finally confirmation of production.

ASX code: INL
Gordon Chiu Building J01
Department of Chemical Engineering
Maze Crescent
University of Sydney NSW 2006
Australia
Phone: 02-9351-6741
Fax: 02-9351-7180
Email: mail@intec.com.au
Website: www.intec.com.au
ASX code: INL
20 October 2006
Companies Announcements Office
Australian Stock Exchange Limited
Hellyer Zinc Concentrate Project Update
Intec Ltd (ASX code: INL) is pleased to advise that, pursuant to the recommendation of the
Tasmanian Department of Primary Industries Water and Environment, the Waratah-Wynyard
Council issued its Planning Permit for the Hellyer Zinc Concentrate Project (HZCP, a 50/50 joint
venture between INL and Polymetals (Hellyer) Pty Ltd) on 16th October 2006.
The HZCP’s dredge has arrived on the Hellyer site and was launched onto the tailings dam surface
on 17 October 2006 (see photograph).
Wet commissioning of the entire HZCP processing flowsheet has thus now been commenced, with
initial bulk zinc concentrates production scheduled for the end of this month.

 

[chris1983]

ahh thats great news! I new something was up Now to see how everything runs.

 

[juddy]

for me this is a long term hold especially with the growth in zinc prices and the other projects to be completed and also possible licensing out of IP.

 

[chris1983]

me too juddy
anything coming into production now is great.

their technology is great!

 

[chris1983]

I topped up. Zinc is expensive and if they start producing it..then I can see them rising more.

"The retreatment proposal considered in the PFS did not eventuate due largely to much lower metals prices at that time. Today however, INL’s and PMS’s discussions with potential ISF smelter end-customers and commodities trading houses indicate clearly that in the current environment of worldwide tightness in supply of zinc-bearing feedstocks, this product is readily saleable on financially attractive terms.

Thus, based on an assumed zinc price in the near-to-medium term of US$0.90/lb (presently US$1.25/lb), a US$0.74/A$ exchange rate (presently US$0.72/A$), a tailings throughput rate of 1.5 mtpa, projected operating costs, including indicative smelter and shipping terms, amounting to approximately A$50 million per annum, the Project would generate a profit before interest, tax, depreciation and amortization of approximately A$19 million per annum, split equally between the JV parties. It is expected that production will commence towards the end of the September 2006 quarter."

They should get about 10 million profit PA for this one.

 

[juddy]

Thus, based on an assumed zinc price in the near-to-medium term of US$0.90/lb (presently US$1.25/lb), a US$0.74/A$ exchange rate (presently US$0.72/A$), a tailings throughput rate of 1.5 mtpa, projected operating costs, including indicative smelter and shipping terms, amounting to approximately A$50 million per annum, the Project would generate a profit before interest, tax, depreciation and amortization of approximately A$19 million per annum, split equally between the JV parties. It is expected that production will commence towards the end of the September 2006 quarter."

They should get about 10 million profit PA for this one.

From the annual report. It gets even better.

"Thus, based on the present zinc price and US$/A$
exchange rate in the near-to-medium term (US$1.50/lb
and US$0.75/A$ respectively), a tailings throughput
rate of 1.5 mtpa, projected operating costs, including
confirmed smelter and shipping terms, amounting to
approximately A$60 million per annum, the HZCP would
generate a profit before interest, tax, depreciation and
amortization of approximately A$49 million per annum,
split equally between the JV parties. It is expected that
production will commence towards the end of October
2006."

They are very conservative with their announcements and I have no doubt this throughput will get to 2.0mtpa. We're holdng a doozy here Chris.

 

[chris1983]

Well I'm out a little bit on the ones i got this morning. I'm holding these so I'm not worried. I have a nice holding in these now so its time to play the waiting game. Thanks for posting the correct dollar figure on how much money they will be making.

Thats crazy. They will be pulling in 25 million profit anually and their market cap is only 83 million

 

[juddy]

resistance on this one is pretty strong at the 16c mark. It has been pretty much unchartered territory above that since listing.

 

[Sean K]

Juddy, I just finished my own chart on this when I came to the thread and saw yours. Much more impressive. Shows $0.16 as long long term resistance. Just will it break through or not????

I've been following this for about 6 months waiting for the signal. Perhaps the increased volume is a sign of a change.

 

[juddy]

HI Kennas,

is trying to break through, but too many sellers. A close at 15c will give us a cloud cover reversal pattern and she might head back to 14c.

 

[peterke]

Seems to me that the buying at 15.5 is quite strong, while may dip to 14 briefly if buyer stops it seems more likely to me that the resistance at 16 will go and we will be away.

With 1.7m shareas at 0.16 it only takes a few hundred thousand $ to get through

regards
Peter

 

[juddy]

well sooner than I expected. They have given up trying to get through 16c for a while.

 

[Halba]

it hit 14c today =((((

hope this one starts producin needs some fire to get it above 16, possibly to 17, 17.5cents

 

[juddy]

well I must say I am absolutely stunned by the market reaction to what was essentially an excellent announcement. Sometimes the market has absolutely no idea.

 

[Sean K]

This is ripe to push through $0.17. Big rounded bottom since May, lots of consistant volume.

DYOR.

 

[moses]

The response here ain't exactly overwhelming either. This project looks good and all the pieces are coming together. I bought in today, so if this is under the radar atm then all the more for us I suppose.

 

[Sean K]

Looks like it could finish at $0.165, it's highest close. Here's hoping. Would be a good set up for tomorrow.

This chart doesn't show the last few trades at $0.165. Just imagine it.

 

[juddy]

she's through Kennas. First time it has closed above 16c since May 2002! I wonder what Friday has in store? Not qquite an 'Oustanding Breakout Alert' yet, but after 4 and half years of trying it must be close to it.

 

[Sean K]

he he.

@ $0.175, clear breakout!

Come on volume keep pushing.......

 

[Sweet Synergy]

INL - Intec LTD

Intec has just hit all time high with vol, after consolidation. I don't know much about them though other than.

Intec Ltd (INL) is involved in the development and commercialisation of minerals processing technology for the base and precious metals industries. The company is focused on utilising hydrometallurgical processes to replace smelting

Anyone have any info or ideas that they would like to share on this stock?