They have a few more problems than you list. They have a majority Chinese backer of the mine who may or may not have their interests at heart as opposed to their own interests. They aren't producing enough iron ore to make things viable.
ACW This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game
History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025
Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor