It's always a good idea to get independent assessment, but it may be difficult to get a meaningful account for the iron resource when the value is entirely dependent on 1 specific buyer AND fortuitous proximity to a railway line. So normal practice of peer comparison is tricky, notwithstanding most DSO magnetite shows eventually fall into receivership for 1 reason or another anyway.
As for the other assets, Kalkaroo has been open for JV for ages. Mutooroo needs more resource. And while the bulk of the broader exploration tenements are untapped they are worth no more than the harsh arid sheep stations they overlap.
Ann: Havilah Secures Funding of up to $100M from GFG Alliance, page-95
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