Ann: Change of Director's Interest Notice , page-23

Remember that compared to other speccies, the share structure here is very good. It's not easy running a junior explorer and avoiding dilution at the same time.

The market cap at these levels is tiny, and I find it a huge mispricing of the security to value all the company's assets at under $5 million.

Near-term revenue via the iron ore offtakes will comfortably take care of drilling expenses for many years to come.

If a legitimate discovery has been made, it's definitely in the right region in terms of plausibility.