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Posted on Intec's Forum is the following message from yesterday;
RE: Compass Resources
Response from John Moyes and Philip Wood, Intec Ltd
Intec's Technical Director John Moyes participated in the 'Browns Sulphide Processing Options Workshop' hosted by Compass and Ausenco in Perth over two full days in early March 2008. The outcome of these in-depth discussions has been to include the Intec Process as all or part of every remaining processing option nominated by Compass/Ausenco, apart from direct sale overseas of a low grade bulk concentrate which is likely to be much less economically attractive. Intec has since been asked to develop costs estimates for each of its proposed processing routes and these will be completed by mid-June 2008.
Intec is in there as either the whole provider or part provider "of every remaining processing option" of this very exciting deposit. Now all we have to do is wait and see whether they get the whole contract or only a part of the processing action.
RE: Compass Resources
Response from John Moyes and Philip Wood, Intec Ltd
Intec's Technical Director John Moyes participated in the 'Browns Sulphide Processing Options Workshop' hosted by Compass and Ausenco in Perth over two full days in early March 2008. The outcome of these in-depth discussions has been to include the Intec Process as all or part of every remaining processing option nominated by Compass/Ausenco, apart from direct sale overseas of a low grade bulk concentrate which is likely to be much less economically attractive. Intec has since been asked to develop costs estimates for each of its proposed processing routes and these will be completed by mid-June 2008.
Intec is in there as either the whole provider or part provider "of every remaining processing option" of this very exciting deposit. Now all we have to do is wait and see whether they get the whole contract or only a part of the processing action.
Hi All. Pasted below is the response from Philip and John to my question. If you want to read the question I posed you will have to go to Intec's Forum page to read it. Sorry but I can't join the question and the answer on the one page.
RE: Compass Resources
Response from Philip Wood, Intec Ltd
For the sake of clarity, Intec's technology is included in all of the 6 remaining process flowsheet options for the Browns Sulphide polymetallic bulk concentrate. In three of these, it comprises the entirety of the flowsheet and in the other three of these it is combined with other minerals processing technologies. Apart from exporting the bulk concentrate without treatment in Australia (in which event it would still have to be treated overseas), all 6 treatment options involve the Intec Process one way or the other.
RE: Compass Resources
Response from Philip Wood, Intec Ltd
For the sake of clarity, Intec's technology is included in all of the 6 remaining process flowsheet options for the Browns Sulphide polymetallic bulk concentrate. In three of these, it comprises the entirety of the flowsheet and in the other three of these it is combined with other minerals processing technologies. Apart from exporting the bulk concentrate without treatment in Australia (in which event it would still have to be treated overseas), all 6 treatment options involve the Intec Process one way or the other.
Hi Me.
Cray Hunter made a statement on SS which is pertinent to the Brown's deposit. I decided to also post my reply here to keep the silent ones informed.
Hi CrayHunter.
Your sulphur calculations are fundamentally correct. With the current sulphur price so high it would be a great little earner. The recovery of elemental sulphur could add to the economics of the resource however Browns bulk concentrate is low grade deposit with only 16% total sulphur. Less than half of which will report to the*Intec leach residue in elemental form, making it unlikely to be economic to recover.
Your concept is however potentially viable for high grade sulphide feed stocks. I believe that although recovery of elemental sulphur from the*Intec Process leach residue is possible it is somewhat technically challenging.
Cray Hunter made a statement on SS which is pertinent to the Brown's deposit. I decided to also post my reply here to keep the silent ones informed.
Hi CrayHunter.
Your sulphur calculations are fundamentally correct. With the current sulphur price so high it would be a great little earner. The recovery of elemental sulphur could add to the economics of the resource however Browns bulk concentrate is low grade deposit with only 16% total sulphur. Less than half of which will report to the*Intec leach residue in elemental form, making it unlikely to be economic to recover.
Your concept is however potentially viable for high grade sulphide feed stocks. I believe that although recovery of elemental sulphur from the*Intec Process leach residue is possible it is somewhat technically challenging.
Good work here Mango..... The Xstrata emmissions problems in Mt. Isa may have some influence on the final process chosen for CMR,s Browns Sulphide process ... What is a bit confusing is INL is to supply cost estimates for the proccessing options by mid June but ... CMR last update is sticking with commissioning late May ...Cheers
Hi Vince.
The process for the Brown's Sulphide deposit is still being worked on and the selection of the process method will be end of June.
The Browns deposit has another ore that is ready for commissioning. I can't recall the particulars but I will look into it and tell you what it is.
The process for the Brown's Sulphide deposit is still being worked on and the selection of the process method will be end of June.
The Browns deposit has another ore that is ready for commissioning. I can't recall the particulars but I will look into it and tell you what it is.
Hi Vince.
The process being commissioned is the Browns Oxide deposit. It is 3% commissioned as of a report on the ASX on 7/4/08.
The Sulphide deposit in an ASX release on 11/3/08, when commissioned will produce approximately:
Lead 155,000 tpy @95% recovery [Current price US$1.39/lb]
Copper 37,000 tpy @93% recovery [Current price US$3.86/lb]
Cobalt 6,500 tpy @91% recovery [Current price +US$50.00/lb]
Nickel 4,500 tpy @90% recovery [Current price US$14.65/lb]
Now that will be a very nice little money spinner.
The process being commissioned is the Browns Oxide deposit. It is 3% commissioned as of a report on the ASX on 7/4/08.
The Sulphide deposit in an ASX release on 11/3/08, when commissioned will produce approximately:
Lead 155,000 tpy @95% recovery [Current price US$1.39/lb]
Copper 37,000 tpy @93% recovery [Current price US$3.86/lb]
Cobalt 6,500 tpy @91% recovery [Current price +US$50.00/lb]
Nickel 4,500 tpy @90% recovery [Current price US$14.65/lb]
Now that will be a very nice little money spinner.
Thanks Mango I realise that now, yep, is yet another iron in the fire of this versatile little stock which is about to appear on mining companys and investors radar . I believe the current practices of mining and processing are ready for forced change and INL will be ready to lead the way .. ..... This from last friday .................................................Tougher environmental laws may cost Xstrata $100m
Posted Wed Apr 9, 2008 11:00am AEST
Map: Mount Isa 4825
The Minister for Sustainability says mining giant Xstrata has indicated it may need to spend $100 million to meet new state legislation for mines.
Nine of Queensland's largest mines will have to meet stricter environmental standards under the new laws, while the rest of the state's operations have been subject to them for several years.
Andrew McNamara says he expects the bill to be passed within weeks.
"I expect on the advice given to me that Xstrata will need to spend something in the vicinity of $100 million in improving their technology to bring the standard of the mine at Mount Isa up to meet the standards of the Environmental Protection Act," he said.
"That's money that now needs to be spent and to their credit they acknowledge that as well."
CHEERS HOLDERS .....
Posted Wed Apr 9, 2008 11:00am AEST
Map: Mount Isa 4825
The Minister for Sustainability says mining giant Xstrata has indicated it may need to spend $100 million to meet new state legislation for mines.
Nine of Queensland's largest mines will have to meet stricter environmental standards under the new laws, while the rest of the state's operations have been subject to them for several years.
Andrew McNamara says he expects the bill to be passed within weeks.
"I expect on the advice given to me that Xstrata will need to spend something in the vicinity of $100 million in improving their technology to bring the standard of the mine at Mount Isa up to meet the standards of the Environmental Protection Act," he said.
"That's money that now needs to be spent and to their credit they acknowledge that as well."
CHEERS HOLDERS .....
Hi Vince. I'm not interested in Mt Isa and its problems. Intec has more than enough going on to keep all staff directly focused on its Hellyer Residues Project. Then there is the Brown Plains development where Intec can not miss out on a big part of the action due to having a foot in all doors leading to extracting metal from the ore.
The quarterly report was good and things are only going to get better.
Cheers.
The quarterly report was good and things are only going to get better.
Cheers.
Hi Mango, believe me , the Xstrata problem reinforces the case for CMR to select the process of anti-smelter. I believe the process announcement willl be significant . I find it reassuring how the high quality team has been installed at INL over the years, great work by PW ..... Cheers
Hi Vince.
I thought your reference to Mt Isa was regard to the BIG clean-up that will have to be done.
I totally agree with you about CMR needing to be non-smelter because Environmental Bonds are only going to escalate to cover the clean-up after mining has finished.
I thought your reference to Mt Isa was regard to the BIG clean-up that will have to be done.
I totally agree with you about CMR needing to be non-smelter because Environmental Bonds are only going to escalate to cover the clean-up after mining has finished.
Being a long term holder of inl and frustrated by its market performance of late, I feel that it’s time to ask others, what they think has been pushing this company’s sp down.
Yes it appears to be breaking out, but that has happened many times before.
So rather than me push the inl barrow yet again, I would like to hear the negative side of the ongoing story, if there is one
Yes it appears to be breaking out, but that has happened many times before.
So rather than me push the inl barrow yet again, I would like to hear the negative side of the ongoing story, if there is one
Hi Juiceman.
During the month of April Macquarie has been selling its original holding. Whenever the share price rose a bit they sold. They have now informed Intec that they have stopped selling. They will buy the 45 million options at 8 cents when they want to before 30 june 2008 as is their right. From memory Macquarie called its sell down "capital reinvigoration" but I can't be sure of the terminology.
Before April I believe there were too many doubters, about all sorts of issues, which were all imaginary in the minds of investors. From not going ahead with the HRP, to not being able to fund the HRP, to a great dilution of present share number because of some share purchase scheme, etc, etc. You name it and the scaremongers were talking about it.
Of course one of the biggest was that the HRP would not do what was promised or that its economics were such that the whole exercise was questioned. That was despite the Company going through the lab work, the pilot plant and finally the demonstration plant. The process worked. Then the Company gave preliminary figures of the economics of the HRP based on the Demo Plant results. These were part of the DP-EMP put to the Tasmanian Goverment and the local Council for the go-ahead of the HRP. The DP-EMP was passed in less than 4 months and it is now all systems go.
Cheers.
During the month of April Macquarie has been selling its original holding. Whenever the share price rose a bit they sold. They have now informed Intec that they have stopped selling. They will buy the 45 million options at 8 cents when they want to before 30 june 2008 as is their right
. From memory Macquarie called its sell down "capital reinvigoration" but I can't be sure of the terminology.Before April I believe there were too many doubters, about all sorts of issues, which were all imaginary in the minds of investors. From not going ahead with the HRP, to not being able to fund the HRP, to a great dilution of present share number because of some share purchase scheme, etc, etc. You name it and the scaremongers were talking about it.
Of course one of the biggest was that the HRP would not do what was promised or that its economics were such that the whole exercise was questioned. That was despite the Company going through the lab work, the pilot plant and finally the demonstration plant. The process worked. Then the Company gave preliminary figures of the economics of the HRP based on the Demo Plant results. These were part of the DP-EMP put to the Tasmanian Goverment and the local Council for the go-ahead of the HRP. The DP-EMP was passed in less than 4 months and it is now all systems go.
Cheers.
Porper
Ralph Nelson Elliott
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There are a few positives developing technically for INL as well as the fundamentals appearing to be good.
We got our break out from the consolidation pattern, which if you look back to the start of the recent big decline is the only consolidation that we have had.
Volume stalled (lack of sellers), we had a rise out of the pattern on strong volume, followed by the non believers getting out forcing the price down again.
We then moved back almost to the point of the break out again on declining volume, buyers coming in at 0.078.
The last bar, Thursday was high volume, a good rise but the non believers are still around as it closed off the days highs.Monday will be very interesting, a move above Thursdays high accompanied with strong volume (for this stock) would be very positive, and a strong move higher could be possible.
So in summary, we have the potential for a low to be in place and a possible reversal is under way.It is still early days, and after such a hammering from 0.31, to where we are now there will be people getting out on the way up, still glad to be out minimising the loss.
So, could be bumpy but at least the worst appears to be over.
We got our break out from the consolidation pattern, which if you look back to the start of the recent big decline is the only consolidation that we have had.
Volume stalled (lack of sellers), we had a rise out of the pattern on strong volume, followed by the non believers getting out forcing the price down again.
We then moved back almost to the point of the break out again on declining volume, buyers coming in at 0.078.
The last bar, Thursday was high volume, a good rise but the non believers are still around as it closed off the days highs.Monday will be very interesting, a move above Thursdays high accompanied with strong volume (for this stock) would be very positive, and a strong move higher could be possible.
So in summary, we have the potential for a low to be in place and a possible reversal is under way.It is still early days, and after such a hammering from 0.31, to where we are now there will be people getting out on the way up, still glad to be out minimising the loss.
So, could be bumpy but at least the worst appears to be over.
Attachments
For those who might have missed it I suggest you go to;
The Boardroom Radio interview by Philip Wood on the Quarterly results and go to today's conference address on the ASX site or the Intec site titled;
"Presentation to the Mining Tasmanian Conference" especially page 18 where it states that the EAF stockpile will last for 7 years based on present sources and page 23 showing the value of CaS and CaSo4.
People who don't know much about Intec will find the whole presentation informative.
Cheers.
The Boardroom Radio interview by Philip Wood on the Quarterly results and go to today's conference address on the ASX site or the Intec site titled;
"Presentation to the Mining Tasmanian Conference" especially page 18 where it states that the EAF stockpile will last for 7 years based on present sources and page 23 showing the value of CaS and CaSo4.
People who don't know much about Intec will find the whole presentation informative.
Cheers.
Mangoe, I know you would not have missed it, but for others, on another post Intec have been talking to Nystar & Smorgons. No doubt a Zinifex inititiave -
Nystar (Belguim based and the world's biggest Zinc Smelters ) possibly have their eyes on Intec's clean, green ( no residues) technology.
Another long term holder reckons down the track a bit we could get taken out for a dollar and I agree with her this would be disappointing because there is so much potential with this co.
Note this is not a ramp - do your own research!!
Nystar (Belguim based and the world's biggest Zinc Smelters ) possibly have their eyes on Intec's clean, green ( no residues) technology.
Another long term holder reckons down the track a bit we could get taken out for a dollar and I agree with her this would be disappointing because there is so much potential with this co.
Note this is not a ramp - do your own research!!
Hi Greystone.
Thanks for the message but you are correct. I certainly have seen it.
On another forum site the posters are going bananas over the news. Much too much but then again that is enthusiasm. I have not joined in the throng of posters as I think I will wait and see. I already know how and where I stand.
I agree Europe is looking for clean, green methods for metal production. Intec is way ahead in this field.
I am posting here a message in reply to a poster on another site;
Hi XXXXXXXXXXX.
As I have posted before look at the director's holdings. They are in the top 200 as listed on the Intec site. These shares have all been paid for with cash up front. Yes, and then there are the options. How many shares do directors need to buy to show/prove confidence in the company?
Yes, they are careful and they are honest. As far as I am concerned it is better to prove up the process before building the plant than to make up for mistakes when the plant is built. Modifications on the run are very expensive.
Yes the tech is proven to all but the most cynical. The demo plant proved the process and now to up-scale the process to treat 35000tpa.
The reason to go from 25000 to 35000tpa would be "economies of scale". The bigger the plant the more the profit as labour charges etc do not increase proportionally with the throughput. Why they started with 25000tpa was probably because of what they saw as a lack of EAF dust in OZ. Now they will have 7 years supply, stockpiled and promised, by the time the plant is built.
The price of Zn, as with all metals will always vary. But also it will always be needed. If you are getting about 35% contained zinc free and all you have to do is extract the metal at low cost you are well ahead of the rest. The price of Zn will go up again when the US comes out of its slump. Remember there is still months of buiding work to be done before the first EAF dust is treated and comes out of the plant.
As far as I am concerned Intec is a "no risk" stock.
Cheers.
Thanks for the message but you are correct. I certainly have seen it.
On another forum site the posters are going bananas over the news. Much too much but then again that is enthusiasm. I have not joined in the throng of posters as I think I will wait and see. I already know how and where I stand.
I agree Europe is looking for clean, green methods for metal production. Intec is way ahead in this field.
I am posting here a message in reply to a poster on another site;
Hi XXXXXXXXXXX.
As I have posted before look at the director's holdings. They are in the top 200 as listed on the Intec site. These shares have all been paid for with cash up front. Yes, and then there are the options. How many shares do directors need to buy to show/prove confidence in the company?
Yes, they are careful and they are honest. As far as I am concerned it is better to prove up the process before building the plant than to make up for mistakes when the plant is built. Modifications on the run are very expensive.
Yes the tech is proven to all but the most cynical. The demo plant proved the process and now to up-scale the process to treat 35000tpa.
The reason to go from 25000 to 35000tpa would be "economies of scale". The bigger the plant the more the profit as labour charges etc do not increase proportionally with the throughput. Why they started with 25000tpa was probably because of what they saw as a lack of EAF dust in OZ. Now they will have 7 years supply, stockpiled and promised, by the time the plant is built.
The price of Zn, as with all metals will always vary. But also it will always be needed. If you are getting about 35% contained zinc free and all you have to do is extract the metal at low cost you are well ahead of the rest. The price of Zn will go up again when the US comes out of its slump. Remember there is still months of buiding work to be done before the first EAF dust is treated and comes out of the plant.
As far as I am concerned Intec is a "no risk" stock.
Cheers.
Mango we were right about mcb selling and I believe they have ceased selling ,BUT There is someone else dropping big parcels, and looking at the weekly top 200 holders ANZ nominees are dropping around 1.1mill a week .. Dave S was going to send a form 672a for a updated list of benifical owners(said it could take a week or more from april 1st. he said ) on the banks nominees holding in particular ANZ ...... might put that in the forum ...... ps we could get a left field notice before the econimics release.. Cheers
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