chance of a bounce later

Any chance of a bounce later today or this week? The report did say that at least one of the leases were worth mining, and that resources had not yet been finalised.

And a one-year timeframe isn't such a big deal, when it takes about 5 years to get a gold mine up and running. How long did Fortescue have to wait?

If they get $12M from the lease, that's a 30% return on capital - an enviable figure by any measure.