re: Ann: Mofe Creek Iron Ore License Granted ... Yes... Still prospecting. But interesting ground.
Production depends on so many factors. I think the question you should ask is how long to get to a BFS? I guess we get a feel for this after they find something interesting, drill some holes and then prove up a resource.
Just there current valuation could be based on the resource they have in the JV with Aquila.(depending on how you value this)