big box little box

My main reasons for my 10% holding and the companies largest shareholder is this.
Ferrox holdings ltd a private company but soon to be listed hold options in mwn excersisable at 25 cents which would then make them the companies largest shareholder .Any success by midwinter on any of there numerous targets would put those options in the money as we have a very small public float,less than 15%
The Mbowenis brothers have just purchased a stake 20% in the Tivani project which is one of South Africa's most significant deposits 460mt.
The board David Mcadam share a commitment with the Mbowenis brothers to advance the Tivani project.Ferrox may involve another partner in building an independent smelter in the Limpopo region.The cost is estimated at $454M but could be shared by the two interested parties.They aim to produce 1.5mt of pig iron per year,I will use Boabab resources uk listed Australian run company as a comparison.
Initial capex $690
1mt pig iron per annum
$1.4b 34% internal rate of return
$275 million estimated average annual net cash flow after capex
Say no more i also have the vision!