IRL 0.00% 0.0¢ india resources limited

Excellent result. I note that the Government of Rajasthan has...

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  1. 4,695 Posts.
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    Excellent result. I note that the Government of Rajasthan has cancelled all other ML and PL applications.
    "It has also cancelled one ML and two Prospecting License applications from Hindustan Zinc Limited, and one ML application from Terramine Developers Pvt. Ltd that overlapped"
    Once investors realise that IRL only has a market cap of $4 million and now has the huge Aravalli project, we should see a significant re-rate.
    "IRL has previously reported an exploration target in the range of 95-135 million tonnes at between 2.2-4.5% zinc and 0.7-1.8% lead."
    Hats off to IRL management, it has been a long hard slog, its the best Xmas cheer for the last 7 years.
    All IRL needs now is get paid the money owed by HCL, " The $4.6M potentially payable by HCL remains subject to negotiation/verification by HCL."
 
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