Some comments by JP from today's meeting:
1.Update to the resource in the next two weeks
2.Further $200,000 royalty expected before year end from Janet Ivy Lease ,making total $800,000 for the year .
3. 30-40,00 m fully funded (A$3-4 mil) drill program for 2019
4. Ongoing discussions with EGS , they have only drilled either 4 or 6 holes Menzies/Goongarrie lease ,cores not been looked at will pick them up next week ,expect lease to back in IRC hands by Christmas.
5. Vanadium project progressing well but does not expect production to start for a couple of years.
6.Dispute with contractor still not settled insisting they abide by original risk /reward agreement (25%) JP stated they have a strong case.
IRC Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
