great read

anyone read this

Indian Resources Limited (ASX: IRL) is a diversified minerals developer and
producer within India. In alliance with Hindustan Copper, it has re-opened the
Hindustan Surda Mine with an initial objective of delivering annual production of
4,500t Cu metal in concentrate.
We still expect that the amount of copper used in electrical goods will rise, as will
international use due to new housing and factory construction. Others can
disagree and in about three years time we will see who made more money! IRL
has the benefit of a Memorandum of Understanding for general exploration on
HCL's various copper leases including tenure around HCL's current operations at
Malanjkhand and Khetri.
In addition to the above venture, IRL has 17% of Pebble Creek Mining Ltd, a
Canadian company listed on the Toronto Venture Exchange. Pebble Creek's main
asset is the Askot Project, a deposit of copper, lead, zinc, gold and silver
mineralisation in northern India.
While the outlook for copper may be mixed, we think that the prices for more
precious metals and commodities could look good in future. IRL recently acquired
two Reconnaissance Permits in Rajasthan (north western India). The Aravalli
Proterozoic belt looks good for copper, lead and zinc as well as gold.But wait, there’s more! The company's diamond initiative focuses on the
Bhandara Diamond Project which currently consists of five granted RPs in Orissa,
as well as three RP applications in Chhattisgarh, located in the region of several
kimberlite fields. In addition bulk sampling is planned at two diamondiferous
kimberlites on IRL's granted PLs of the Dharwar Project in Andhra Pradesh.
And just when you thought it was over, IRL is currently holding discussions with
Cook's Construction Pty Ltd, with a view to establishing a coal joint venture and
also seeking suitable projects for rights to explore and develop coal or iron ore in
India.
If you know of another business who is expanding into new growth areas in an
emerging country, please let us know! We think that IRL is doing some amazing
things and has also been oversold to bargain levels. Once a lofty 30 cent share,
IRL now trades for a cent and a half.
With a declared NTA of around $0.10, this looks like “buying dimes for pennies”
to us. Even if the NTA is downgraded for revaluation and depreciation, a 30%
downgrade would still mean that you are buying in for 20 cents in the dollar.
Theoretically, if the company went broke, was wound up and cashed in, you could
make a 300% gain.
That is, you could make a 300% gain if the company went broke. Imagine how
much you could make if they actually dug something out of the ground and sold it
to someone else. Look more closely at this stock, sector and area. See the
possibilities of resources and a growing economy with growing demand.
We have not seen markets this low or prices this low for a long time, some shares
down to five year lows and some journalists saying that this crash is worse than
1987 or 1929. Our advice is to ignore the news and look to the fundamentals. We
have bounced back from recessions and depressions before and we will again.
How much money you will make will be aligned with how much risk you take right
now. See you safely on the other side of the crash.