A re rating will essentially revalue the price of the shares...

A re rating will essentially revalue the price of the shares once once the material information is released publicly. This is because the market will factor in future potential cashflows and may attempt to discount these to present value (in a nut shell this is how the price of shares are derived). Yet 100MT of high grade commercial iron ore speaks volumes for a company with such a tiny market cap. In answer to your question there will be a natural gross revaluation of this company's share price once this JV is finilised. There are many blind bats out there that simply fail to fathom this and fully understand the scope and potential here.

Anyone with contrary views is welcome to add their comments.