SGQ (ASX) Venmyn gave fair value of USD 967m to Araxá

Originally posted by ozblue: ↑

@tbirdsrgo ..... Apparently the companies own announcements are now misinformation, LOL You do realise that that map is from the presentation by SGQ, not anyone else... you do realise that the resource numbers are from the PEA done on this exact project, nowhere else....

How about you talk about the project, size cost etc. If I'm so incorrect about the 80kt of mineralisation above 2% then prove me wrong...

I take my information from existing studies done on this project, that only showed it profitable with high prices for revenue. WA1 uses a niobium price $US20,000 lower in their announcements. Lynas used a TREO basket price around 25% lower than the PEA.

Here is the PEA link for everyone to check for themselves... (pg 12 for the 80kt of Niobium resource above 2%).

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

It's no wonder Itafos sold off the project for mostly cash, instead of even bothering to do a feasibility study on it (as recommended by the PEA to add value)...

I'm willing to bet your comeback totally lacks any substance or numbers or references showing anything different, but still claims 'misinformation' with the usual lack of any evidence.

Did you know the CBMM resource has thorium levels of 1200ppm, and the processing they use has to reduce these levels, which adds costs, but luckily they process 2.5% grade ore.

I've not seen any reference to the thorium levels in this Araxa project, why doesn't the company show them??? Isn't that something that might be important if the plan is to process am much lower grade, because they don't have enough high grade?? How about you ask JP about the thorium levels and plans to make whatever levels a non issue and get back to us all??

Just to show it's not misinformation, but very, very, real, here's a quote from the IAEA pg 39 for anyone interested in information...
" The ore mineral mined is pandaite, a Ba-containing variety of pyrochlore containing up to 2% Th and some U. The mean grade in the mined ore in the weathered zone (canga) reaches up to 0.13% Th, which results in total Th resources to ~400 000 t Th."
"Thorium is not recovered at Araxa. During the production of ferroniobium, impurities enter into the slag, and annually ~ 1000 t Th and ~ 100 t U are disposed in the slag [52]. If an economic process is developed to recover Th and U from the slag, Araxa could become a by-product producer both for Th and U.

https://www-pub.iaea.org/MTCD/publications/PDF/TE-1877web.pdf

Why are none of the holders discussing anything about the entire project, instead of repeatedly looking at some nice grades over a very small area?

IMHO shareholders should vote to NOT take on this project as there are way too many red flags that the promoters never want to discuss, if the company ever gets around to calling the EGM (now 6 days behind the scheduled date as per the presentation).

Expand

Disclosure: S3 Consortium Pty Ltd (the Company) and Associated Entities own 24,900,000 SGQ shares at the time of publishing this article. The Company has been engaged by SGQ to share our commentary on the progress of our Investment in SGQ over time. Some shares are subject to shareholder approval.Near the top of every “critical minerals list” sits one metal...Niobium.Market money is still flowing into niobium stocks and rewarding niobium discoveries.We think this is because the supply of niobium is dominated by one single mine in Brazil that produces 80% of global niobium supply.Yes, 80% of global supply in one company.And it is privately owned.St George Mining Ltd (ASX:SGQ) just announced the acquisition of a niobium and rare earths project right next door to this niobium mine that supplies 80% of the global niobium market.SGQ’s new project has an existing niobium discovery, and post acquisition SGQ will be capped at $55M (based on 2.5c transaction share price). At that time SGQ will hold ~ $7.5M in cash.On the ASX, we have recently witnessed large inflows of capital towards quality new niobium discoveries in Western Australia:WA1 Resources grew from a $9M microcap explorer to over $1BN in the space of two years, on the back of a new niobium discovery in WA.Encounter Resources went up 300% off the back of announcing a niobium discovery in WA, it is now capped at ~$248M.The past performance is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance.SGQ’s project already has a proven discovery, and it is right next door to the world’s biggest niobium mine.To date, there have been over 500 drill holes on SGQ’s project that have hit significant intercepts of over 1% niobium oxide, with some hits as high as 8%.The mineralisation is from surface, widespread, and open in all directions.Looking next door, the carbonatite that hosts the niobium is confirmed to depths of 800m, but SGQ’s project has not seen much drilling any deeper than 50m.