Its very positive for a company to have an overseas investor...

Its very positive for a company to have an overseas investor like Passport to take up placements at reasonable prices like that.

There are thousands and thousands of similarly sized companies around the world. How they narrowed down to a few small co's including DMM says a lot about what they believe that DMM could do.

Remember for investors like passport to jump on board companies like DMM like they did it will have to more than double to be worth their while.

They too will be expecting a 15-20bagger over the course of the next few years.

If they got 135Mt of haematite and 800Mt of magnetite 3kms from a rail line.... production in 2 years....current market cap of around $50million?

I think that that market cap will change significantly after this scoping study is released (due this month).