Ann: Half Yearly Report - Appendix 4D, page-4

Agree chanz,
Not many earlier holders approve , but I think INL is taking early steps to become a sustainable growing business.
One of the mandates of Kieran Rodgers was to grow the asset base without recourse to shareholders.
Apart from its main efforts in waste water treatment , INL has other assets as well that are being slowly & methodically monetized.
# Hydrometallurgical Process that we though is a dead duck is coming back as small earner via royalties from Intec International Projects.
# BSM holding (15m shares) + royalties may come to fruition....There seem to be some market interest in BSM for whatever reason.
# Zeehan Zinc Slags Will eventually be either divested or JVed.
With $1.3m in cash that is not evaporating fast , INL is not asset poor.
A solid hold for the time being.