$0.01 per share? IMO, there is zero value to the iron, except as a prop for promotional purposes. As you have pointed out repeatedly, a low-grade, low-tonnage iron deposit in the middle of USFS land, miles from the nearest end user or rail shipping point? With a decade of permitting ahead of it, would anybody be stupid enough to try to develop it?
Besides, with all that supposed platinum, gold, and silver (that, oddly, no standard assay can detect), why even mention the iron ore potential? Are there precious metals or not? As we both know, of course there are none except for trace background levels.
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