so where are we at?, page-3

I think if people dont get emotional about stock and think about what IRL have before them they will not worry.

1) the prism contract
2) the mou with lsl. LSL are yet to announce the results of a study of their gold and phosphate reserves which IRL advised on. IRL will also conduct the mining operations for LSL in the future as per the MOU (more money in the bank),
3) IRl have also tendered for more contracts in India that they have a good chance to get.
4) the company that finances IRL and LSL are the same if anyone would read announcements carefully.

So based on these criteria I think the valuation of 0.01 at the moment is very cheap, and I intend to hold my small holding in this company.