sundance iron ore

Could any of you guys explain to me how Iron Clad could be only capitalised at $27 million, when a company like Sundance with a potential iron ore deposit in Africa is capitalised at near $1 billion. It has no rail or port facilities and is operating in less than stable country. Based on a quick glance at other potential iron ore companies, this play is extremely cheap. Something does not add up. It has the potential for vast resources and has road, rail and port facilities close by. This is a steal. The trouble is, there is usually a catch, its just that I can't see it. Can someone throw up some negatives, to balance this. Would be appreciated.