I believe that SGQ should have focused on their Araxa rare earth project at that time. It is undeniable that the rare earth project was very very good, and it was even bigger than LYC Mt Weld at that time. But later their main business was phospahte, thanks to Itafos main business!!! and this project was put aside for sleepinng for so many years. Fortunately, SGQ discovered this treasure and was able to restart the exploration of this project.
Venmyn gave fair value of USD 967m to Araxá, page-41
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