Good news, at last.1)IRL has been appointed as sub-contractor by...

Good news, at last.
1)IRL has been appointed as sub-contractor by Shriram EPC Limited (SEPC) to execute its shaft sinking contract at Surda. The contract value of the sub-contracting work is approximately 1,394M INR ($24.46M AUD).

2) Surda Mine contract has been extended for a period of 34 months effective from 2 September, 2014 (2 July 2017).

IRL has a Market Capitalisation $1,966,772 doesn't make much sense.
Hopefully the Rakha mine contract worth AUD$50 million will be finalised in the next few days, it must be imminent.

IRL deserves a minimum market cap of at least 10 times the current shareprice.
Should see some buying tomorrow.