If I'm to speculate and HC is the place for it. I think it would...

If I'm to speculate and HC is the place for it. I think it would be a placement to Mitsui at approx. 40p.

It works well because:

1. the GBP is very weak compared to the Yen ( USD).
2. Mitsui is a long term player, they don't care as much about the short mine life in the PFS. They are interested in the 50 Year mine life plus the Ecuador exploration.

I'm speaking from a WA perspective where the Japanese help us unlock the Iron ore (well before the Cinsese) and the LNG.
Same with the coal, both met. and thermal over East.
Based on decades of partnership they're out AuUKUS and Quad partners too.

It's why they went to talk to The Ecuadoran minister.
With the Iron ore It was Charlie (Sir Charles) Court who ended up premier of WA for 20 + years .

All IMVHO.