The Prism contract is a major milestone for IRL. There would have been significant international competition for a contract of this size. I assume IRL won the contract because they are the only international company to successfully operate an underground mine in India. With profitable copper operations in hand; coal mining operations to commence; and access to a high quality, skilled, and low cost labour force in India--the sky's the limit. Be nice to see them export their expertise to Australia.
IRL Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
