some research articles, page-44

zmans,

These things ALWAYS take longer than we think they will. My guess is that NMDC will ask for an extention and will want to look at the latest drill results too. So I reckon we won't see an offer till the end of September.

You seem more clued up than me, so I'm interested in your take on the value of the company. Say we get good offer of $70m. What's an iron ore explorer with a big resource, 2-3 years away from production, and $70m in the bank worth? What should the market cap be?