re: Ann: Appendix 4C - quarterly ended 31 Mar... Cannot see INL...

re: Ann: Appendix 4C - quarterly ended 31 Mar... Cannot see INL having the money to buy it back unless they came up with a wealthy partner. Anythings possible i guess are they looking into it???

Minasco Australia has been appointed by Bass Metals, which is based in Perth, Australia, for the realisation of their complete 1.5Mt/y polymetallic flotation plant facility at Hellyer mine site in northwest Tasmania. The plant is to be offered for sale as a fully engineered operational entity for relocation to a new project, due to completion of mining at Hellyer.

With a current shortage in offering of quality mineral processing plants worldwide and the rise in the number of projects set for development, it is expected there will be strong competition for the acquisition of the Hellyer assets, with a number of projects already expressing interest. The plant is in good condition and still fully operational, with anticipated completion of processing during June 2012. This will provide potential buyers an opportunity to inspect the plant running.

Minasco has instigated a pre-emptive dismantling and logistics programme in conjunction with the expertise of consulting engineers, international shippers and local contractors, to ensure buyer delivery to any project worldwide is achieved on the most cost effective basis. http://www.miningmagazine.com/panorama/bas...nasco-australia