Its a waiting game at the moment.
They are talking to four potential offtakers, currently going back and fourth while they undertake due diligence on Magnum. They expect offers soon, but realistically have no idea.
Securing an offtaker, will mean they can progress to funding talks. Once funding is secured they expect 18 months to be producing Iron ore concentrate.
For me, at this point its set and forget. There's no way im selling at this price, and everything seems to be in the hands of the potential off takers (Anglo and Mitsubishi).
Potential is certainly there but the timeline is completely unknown
Ann: Buena Vista Project Update, page-79
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