@sailorlion ... " WA1 only have niobium but don’t have rare earth and phosphate."
That's just false as they have 200Mt of P2O5 at 8.8% for a total of 17Mt of P2O5, you can check this on pg 15 of the recent MRE for that project, but discussion of it should be over there on WA1 threads...
This is SGQ threads, in the map you supplied, it is easily seen that a lot of the inferred resource for the Araxa project, as on the tenement to the East hich holds the old tailings dam, and SGQ clearly stated on Monday would not be included in any JORC resource estimate...
How come you don't want to discuss what's going to be left out from the East tenement as it looks a fair chunk from that map above. (from the PEA pg 28).
Out of that list of drill intercepts you gave, how many are excluded, because they are in the Eastern tenement and how close together are the remainder?
How large are you expecting the MRE to be on what remains, and what types of grade are you expecting, and why.
Where will SGQ get the huge amount of capital to build a small mine which was estimated at over $US600M back in 2013 just to get to 240,000t/a throughput?
Will there be enough ore to justify a huge capital expense at current Niobium, REE and phosphate prices?
These are all incredibly important issues to discuss before deciding whether to vote for or against the project, yet it's not being discussed by anyone here who holds..
By agreeing to purchase this project, there will over 2.5B shares on issue, before any major drilling campaigns start. How much are the current environmental studies and the geotechnical studies costing? How much further dilution will there be by the time a feasibility study is done.
Why not discuss all those issues, after all it is your money on the line....
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- Ann: ACQUISITION OF HIGH-GRADE ARAXA NIOBIUM PROJECT
Ann: ACQUISITION OF HIGH-GRADE ARAXA NIOBIUM PROJECT, page-239
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