SGQ - Ex CBMM Boss looking to develop SGQ'S ARAXÂ project - Commentary, page-198

He is actually wrong, SGQ Araxa has lower impurities given its from surface and softer rock.

WA1 has high iron content which will increase the Capex and most of it is deep, much deeper than SGQ. SGQ is easily open pittable and a shovel ready operation and can sell to CBMM to process without the need to build a plant saving millions in Capex. I assume that would be a scenario

Given the high grade REE - SGQ can build a plant for the REE and thus tackle both the REE and Niobium efficiently maximising profit and reducing capex.

Just my thoughts