value of iron ore

they say the best investors have patience and you need lots of it with fwl at the moment but the market has got it wrong surely?. the most recent iron ore deal for magnetite i could find calculates the value of a magnetite resource at 57 cents per ton. fwl's 550 million ton currently valued at 1 cent per ton by market cap. I realise fwl has low grade but even if it was worth 5 cents per ton then what is the market thinking??? if fwl ever gets this one moving it is going to blast out of the blocks. sleeping giant i'm hoping. good luck to all fwlers!