IRL might be in luck as the new Government becomes concerned about importing more raw materials when their own mines are closed down due to Supreme Court orders. Obviously the iron mores are of the greatest concern but having your copper mines closed down because bureaucrats are too slow at renewing licences might give a boost to HCL in getting their Surda mine lease renewed earlier than expected.
"That has worried the government, which on Monday issued an executive order to revive the mining industry by quickly renewing old leases and auctioning out new leases, scrapping a previous method of selective allocation. "
IRL might also get some of their old RP, PL, and ML approved after 6 years of delays.
IRL Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held