General discussion, page-11699

Have a look at the hype being generated at SGQ for buying a bit of the North section of Araxa. They have known niobium in an area of about 200M long and being very generous 100M wide (the high grade bit).

They are talking better than WA1, which means they are clueless and can't do simple calculations. It makes me wonder how many punters/speculators actually know anything about the process of mining and ore body size. Are numbers on maps just for good looks??

Here is the breakdown of their resource....
"An independent mineral resource has been estimated for the Araxá Project comprising a combined measured and indicated mineral resource of 6.34 Mt at 5.01% TREO (using a 2% TREO cut-off), 8.40% P2O5 and 1.02% Nb2O5 and an inferred mineral resource of 21.94 Mt at 3.99% TREO, 7.86% P2O5 and 0.64% Nb2O5 (using a 2% TREO cut-off grade). "

from...
https://itafos.com/site/assets/files/1773/itafos-araxa_technical_report_final-.pdf

However much we like it, or not!!, hype takes over some stocks possibly to the detriment of others like WA1, who do have the grade and size. It's like a magic trick, hey look over here at SGQ, and don't look at WA1 while we buy up as much as possible cheaply from retail that don't know or understand value and ore bodies..
It would be interesting to know if many people did jump ship from us to them, because they are 'cheap' (4c) and we are expensive ($13), without taking their 2.5B shares on issue into consideration...