Sean K
Moderator
- Joined
- 21 April 2006
- Posts
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Lost the day traders. Invertors hanging on for the potential. Next ann should create interest. Will be one before the end of the year in regard to the JV and in Jan IRT the demo plant FS.zombie_ninja said:Anyone has any idea w.r.t the low volume for the last couple of days?
johnmwu3 said:Dredging new life from dam
By KATH UZIALLO
THE North-West's mining boom continues, with a new venture at the old Hellyer Mine site commencing 24-hour operations last week and set to extract up to $50million of zinc per year .
The Hellyer Zinc Concentrate Joint Venture, operated by mainland companies Polymetals Ltd and Intec Ltd, is using a dredging process to recover zinc from old mine tailings.
The Hellyer mine, an hour south of Burnie, began operations in 1989 and closed in 2000 after ore supplies were exhausted.
Polymetals Hellyer Ltd general manager Andrew Platts said the venture had provided about 40 new jobs, with about two-thirds of the workforce having been employed at the Hellyer mine before it closed.
He said local construction workers were also employed earlier this year to refurbish the mill and build a new pump station and storage tanks.
Mr Platts said the venture was taking advantage of the world- wide demand for zinc and would operate for two to six years, depending on economic factors.
He said about 1.5million tonnes of fine tailings, containing 2.5percent zinc, would be dredged each year from the dam and pumped to the mill.
At the mill, the tailings would be reground and a flotation process used to recover mineral concentrate of 40percent zinc, 12percent lead and 220gramspertonne of silver.
"We aim to produce around 63,000 tonnes of this concentrate per annum. It will be trucked to Burnie Port and then shipped to Chinese smelter customers who will recover the respective metals."
Mr Platts said the value of the concentrate would be between $40million and $50million before operating costs.
They need a new communications manager. Or get one!juddy said:Notice who has done that interview? Polymetals.
Phillip Wood and Co. nowhere in site.
kennas said:I think they'll get some more interest with the new company web site. Very impressive!
www.intec.com.au
nizar said:I swear if Intel was listed on ASX its code would be INL!
Zinc producer yeh right!:
Caliente said:i would also be in agreeance with a name change. Any sample emails floating around out there?
I would define it as consolidation, in an uptrend. I wouldn't buy more until it show's a continuation of the uptrend. Probably a break through $0.20/21 ish.Novski said:According to my readings of Weinstein, INL's position right at the moment is a classic pullback after the breakout and he regards this pullback as the ideal time to buy. Do others see this as the pullback period?
Novski
kennas said:I would define it as consolidation, in an uptrend. I wouldn't buy more until it show's a continuation of the uptrend. Probably a break through $0.20/21 ish.
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