Firstly
The most recent news flow has been positive with the risk surrounding Indian tax assessment now abated. Whilst there has been an additional draft assessment made, that should be quashed given the precedential authority IRL now has obtained from the Commissioner and the Tribunal.
Secondly
There is a strong focus on obtaining funding this year, which will progress Aravalli to the Bankable Feasibility Study (of which drilling the JORC will form a part)
I believe this is the key to igniting what I believe is the most exciting base metals project in India today, and potentially could be one of the worlds largest Zinc, Lead ans Silver deposits
Discussions are ongoing with prospective investors and Management are working tirelessly on this.
Thirdly
Surda expansion project is going along as expected and synergies are starting to flow, Rakha is still awaiting environmental clearance, I believe.
Let's keep positive
Remember, it is always darkest before dawn!
IRL Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held