A couple of weeks ago I mentioned NSL Consolidated, an Australian ASX company is now producing iron ore in India
"Well while IRL shareholders sit twiddling their thumbs hoping for an announcement re Rakha, Aravalli and Court Case outcomes, NSL Consolidated (ASX Code NSL) announced yesterday at 3.53pm that
"NSL to commence producing iron ore prior to the end of July" in India. http://www.asx.com.au/asxpdf/20140710/pdf/42qrhfbfwvt7by.pdf
A few days ago I noted a story in an Indian newspaper about NSL Consolidated suggesting they would build IO Pellet plants in India. I bought some shares on the back of that story."
It looks like NSL has ticked all the boxes, the share price has risen from .008c to 1.7 cents since I posted the above six weeks ago. IRL has been in India for 8 years and hasn't managed to deliver a single project.
IRL has 17 iron ore licence applications for over 8 years and not a single one has been granted in that time.
Bonai iron ore project
Orissa and Jharkhand States 14 Prospecting Licence applications 100%
3 Reconnaissance permit application 100%
IRL Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
