No, you're wrong. Here's a table from 2008.
Araxa has a high grade of 2.48% Nb2O5 and still way over 400mt of it.
You quoted the grade from the overall resource.
Having grades of 8% means nothing if you don't have the tonnes
SGQ - Ex CBMM Boss looking to develop SGQ'S ARAXÂ project - Commentary, page-181
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