Fund managers' eyes are off the ball at the moment - It's...

Fund managers' eyes are off the ball at the moment - It's reporting season right now which is consuming their time, and it's easy to put all mining resources in the same basket right now. However, I think big players will soon notice what the latest SFX ann. actually means. Agreeing to terms outside of the courts is a massive deal for 2 parties that have had trouble talking at all over the last couple of years. For me it's a massive de-risk, as another prolonged appeals process was looming as the biggest concern.
SFX is not an explorer and mineral sands is steadily bucking the current resources trend due to ever increasing supply/demand forces.

The DFS uses a conservative zircon price and still arrives at a NPV10 of $676m, but that was with a higher $A and a long term zircon price of more than 10% below iluka's recent mark and almost 20% below spot - with the supply/demand gap set to grow further.
The price at the start of mining in the DFS was predicted to be $1100, it's currently at $1650 spot.