1, IRL starts to get its $4 million loan back----IRL expect to get $2.4 million cash plus 32 million new Monarch gold mining shares. --- Which means IRL can take back "the impairment of unsecured loans $2.55 million" that already wrote off from the annual balance sheet----which means current net asset per share is 6.5c.
2,confirmed copper reserve: total 160,000 tonne copper metal --130,000t from The Surda copper mine, 30000t from Askot Project.
Production will increase 50% subject to (with current capacity touching anexceedingly tidy figure of 30,000 tonnes with further scope of enhancing this to 45,000 tonnes in the near future.)
3, coal mining contractor, and 15 iron ore applications still on the way.
LRL Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held
