From a very simple perspective if we take the following from the...

From a very simple perspective if we take the following from the latest AGM presentation:

"IRL registered the Aravalli project with the Project Monitoring Group India sponsored by Department of Industrial Policy and promotion (DIPP). The PMG is a mechanism set up by the Indian Government to fast track large strategic projects worth in excess of A$180 million."

From this simple statement and the fact the ML has been administratively approved can we extrapolate that when the ML is approved IRL SP should be atleast 18c based on approx 1 billion shares on issue? Even more when people realise that the 135 million tonnes (upper value) of deposit is based on only 1/4 of the deposit and the fact current drill holes have said deposit is open.

Comments anyone.