Surprised that no one has asked this question - the biggest moat in this business is access to the mines. How can a company like this get access to mines without paying royalty/bid amount etc. Won't this come as a national reserve where you have to pay revenue share/royalty to government for the licence.
how did they get this mine out of thin air ? And more importantly, if they had it all along, why did'nt they not develop it themselves or outlicence it to someone. its' not easy to get 14 mines like this unless you have "connections" in India. also, there is no amortization/royalty amount of Rs. 19 lakhs which is chicken feed which happens with every precious natural resource where one has to pay for licence/revenue share.
can someone pls answer the above pls ? does quartz come under natural resources or not ? It is a mineral for sure and hence should come under it.
foreign currency debt, low taxes, carry forward losses and sudden change of fortunes are things I am not able to explain. their fortune coincides with last year's election verdict. has someone met the management and asked them on this
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