Ann: Quarterly activities and cash flow report, page-6

delta charlie, yes very true. IRL has never made a profit. In that regard IRL is only worth .004c.
I'm sure there are lots of ASX mining minnows that have never made a profit and never will.
BUT, things do change and IRL is sitting on an opportunity that will possibly take it from a miserable minnow to a miner of one of the worlds largest Lead and zinc deposits. Whether IRL management are capable of doing this remains to be seen. But from what I've seen the management are determined and have no lack of desire to be successful. I wouldn't write IRL off just yet.