@IronKing2010 .... "Don't talk negative. Let people decide themselves whoever think positive and invest it."
What's the problem of giving real information about the project?? CBMM's fresh mineralisation is 0.72% according to the reference I gave above. It's the weathered mineralisation that's mined by them at an average grade of 2.5%.
SGQ don't have any mineralisation in the MRE provided in the PEA of Itafos at that grade. The highest with a small size is the 80kt at 2.2%.
What's the point of being all positive on a project when the information is out in the real world?? Why hide it instead of discussing how all the obstacles will be overcome, unless they can't be, in which case why buy the project at all??
This project clearly has a very low amount of higher grade mineralisation. Sure drill to 2,000m deep and find a lot of low grade mineralisation, but how does this help anything??
There are plenty of low grade Niobium deposits around the world already, some waiting for funding with all sorts of studies done on them. It's the high grade that counts with Niobium and so far only 2 companies in the world have large high grade deposits worth mining.
Even LYC has 38Mt of above 1% Nb2O5, yet have decided to not do any further study on it. They either have too many detrimental elements or the processing of this low a grade will not be profitable. (I don't hold them, nor recommend them).
The Itafos PEA had a long complicated processing route, that will be expensive to obtain all worthwhile minerals, but with the East cut off, SGQ will not have the same quantity of mineralisation.
Given the $US620M in 2013 in the PEA to build the processing plant of 240kt/a throughput, which is over $A900M, and likely a lot higher by 2024, where will sGQ obtain the cash to build a small expensive complicated plant??
Why does the small resource, the overall low grade, the expensive to build processing plant, the huge old Tailings dam directly to the East, the SP going lower since the first day of announcement of acquisition etc not warrant discussion??
Why do you not want people to know about information in the public arena??
SGQ Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held
