We know that iron ore's fundamentals are sound, it's just that the market doesn't believe SDL will be a producer any time soon hence the 8c share price. Management have made too many mistakes over the last 3+ years to kill investor confidence in their ability to deliver milestones ON TIME. The goal posts keep moving and investors hate that.
Just being realistic.
Too many times they've cried wolf, while GJ has come out with outlandish statements that have amounted to nothing.