100 to one: He has tens of millions in his bank account. He has airplanes and funny cars. Please, for the life of me, explain why he even cares about putting together a "real" mining company.
Imagine how many millions it would take to finance, the incredible risk involved, the decades of suffering; hoping to someday turn a profit. All on land which has already been rejected twice by professional mining companies.
As the saying goes "Get rich, or die trying". He is already rich, and getting richer. All with ZERO risk. He'd be stupid to change a thing.