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.