1, Irl will get the$4 million loan back:the Company is expected...

1, Irl will get the$4 million loan back:

the Company is expected to receive approximately 32 million shares in the recapitalised Monarch and approximately $2.4 million in cash.

Which means IRL can take back the A$ 2.5 million "Provision for impairment of unsecured loans" which already been wroten off from the 2009 balance sheet. result in the current net tangible asset equals 6.5c/share.


2, Confirmed 130,000 tonne copper metal.

130,000t from Surda project, plus 15% of Askot Project (Copper, Lead, Zinc, Gold), Plus 49% of Aravalli project( possible 95-135 million tonnes at between 2.2 to 4.5% Zn )

with current capacity touching an exceedingly tidy figure of 30,000 tonnes with further scope of enhancing this to 45,000 tonnes (PER MONTH) in the near future.