here is a real magnetite project fyi, page-40

Its no TITANIC.ARH has the right to exploit huge wealth that is currently underground but,of course,easily extracted.This wealth is better than money in the bank.The approx 3 bill required to develop the mine is not extraordinary.I read about one Iron Ore company today that requires $4.7bill and most of that is for rail and port infrastructure.We are blessed in that the infrastructure is in place.Also Magnetite of the kind ARH possesses actually produces a higher quality Iron product than the Haematite mines which are ageing rapidly.If I am not mistaken,the $4.7 bill mentioned is required for the Sundance project in the Cameroon.They must costruct a 500 km railroad through a virtual "heart of darkness"jungle.That what I call a problem and maybe even a Titanic.
Chill out.It will happen.Be patient.