IRL 0.00% 0.0¢ india resources limited

30 years of underground mining project is only cost A$250m?The...

  1. 143 Posts.
    30 years of underground mining project is only cost A$250m?

    The project consists of developing two declines and a vertical ventilation shaft to intersect the coal seam.

    The vertical is expected to be 150 m deep and the declines of approximate cross section area of 19 m2 are in the region of 750 m ....

    I think IRL needs at least A$50 million to develop the mining and infrastructure. The rest A$200M to pay interests & 30 years of labour costs, Once Aussie dollar drops to 75c against USD (Most likely case for long term run) This would be a Negative profit project IMV.



 
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