This is much bigger than the market would understand at this...

This is much bigger than the market would understand at this point. It's distracted and looking for 60% iron without understanding it already has it via the wet circuit treatment process. Their initial target of 300-700m tons is already well above the 50m ton equivalent resource they want to get started. This has already given them the push to go for mining permits and a scoping study. They have achieved this on just 15% of the permits. How big is this? It looks like it could end up being billions of tonnes if this keeps playing out. This could end up being years of mining at a high rate of production.
Right now, AMD is capped at approx $30m. The company has said that they will be going after partners and offtakes along with rail and port agreements. I assume they will prove up a solid number, get some paper work done and then they will bring in the partner. Even with another placement down the track, this is unbelievably cheap imo. $30m market cap might well be going to many times that next year. dyor

The Bauxite is a free kick. That could be another monster the Chines will want.