They need port access and a off-take partner before hundreds on...

They need port access and a off-take partner before hundreds on millions will be invested by anyone.

Surely this is obvious to anyone, image throwing that much money without a guarantee you can sell even 1 tonne of ore, presumably the off-take will come after port access.

They are going to need funding to keep the company afloat before then.

you could buy iron ore holding twice! for the proposed amount to be invested and they area ready about to start production well funded a with a massively larger resource.

invest at your own risk imo.