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NextSource Materials Inc T.NEXT

Alternate Symbol(s):  NSRCF

NextSource Materials Inc. is a Canada-based battery materials development company. The Company has two operating segments, consisting of mine development and the exploration and evaluation of mineral resources. It owns a owns a 100% interest in the Molo Graphite Mine (Molo) located in the Province of Toliara, Southern Madagascar. The Molo Graphite Mine project is located near the town of Fotadrevo in the Province of Toliara, Madagascar. The Molo Graphite Mine is subject to a 1.5% net smelter royalty. The Molo Graphite Project graphitic zone consists of multi-folded graphitic strata at surface with an exposed strike length of over two kilometers. The Company also owns the Green Giant Vanadium Project, which is located 15 kilometers from the Molo Graphite Project and hosts a large sedimentary-hosted vanadium deposit. The 100%-owned Green Giant Vanadium Project is an advanced-stage exploration project.


TSX:NEXT - Post by User

Bullboard Posts
Post by riverrockon Jun 19, 2018 11:05pm
164 Views
Post# 28196331

Something to think about

Something to think about

Perhaps Quentin Yarie and DR Projects can study the drill cores from Sagar and together they might come up with a solid case for Sagar's Cobalt. Yaries recent sale could be an indication that hes been selected to handle Sagar's development.

 

If they were to form 3 new companies (under Nextsource Materials) each would have one third of the present NextSource float of 468.9 million shares. In effect there would be 156.9 million shares in each new company.

 

All existing shareholders would still have all their shares, but 1/3 of their shares would be with each of the new compamies.

 

The First Company, Nextsource Graphite (156.9 million shares)

The Second Company, Nexsource Vanadium (156.9 million shares)

The Third Company, Nextsource Cobalt (156.9 million shares)

 

In any event the share price for Nextsource Graphite could immediately be 3 times higher as Molo is presently the most developed property and have only 156.9 million issued shares.

 

I guess that most shareholders are saying that riverrock is dreaming, but one must consider that Nextsource/Energizer put in lots of time and money and found good reserves and resources, but which also caused the high float.

 

In any event, they can also consider selling Sagar and use the money to help develop Molo and later the Green Giant.


Bullboard Posts