Strike at 22c current sp are even cheaper than they were...

Strike at 22c current sp are even cheaper than they were yesterday at 19c! This is because of their shareholding of 34 million shares in LEL which are up 32c today. Based on their relative numbers of shares issued SRK shares should go up or down 3c for every 8c that LEL move. Thus they should have risen 4c today simply for this reason, but they are only up 3c at the time of writing.
Strike's market capital was already less than the value of its holding in LEL so we are getting its iron ore projects, finally on the cusp of operation, for free.

btw for an even better value proposition have a look at Bentley (BEL). BEL are SRK's biggest shareholder and also hold directly a decent shareholding in LEL. They are trading for a fraction of the value of their liquid assets. They may not appeal to some day traders because of their relative lack of liquidity, but for longer term investors their better value proposition is compelling.