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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 is focused on supplying battery materials through the mining and value-added processing of graphite and other minerals. Its segments include mine development and BAF development. The Company’s principal business is the development of the Molo Graphite Mine (the Molo Mine) located near the town of Fotadrevo in the Province of Toliara, Madagascar. The Molo Mine has a production capacity of 150,000 tons per annum (tpa) of SuperFlake graphite concentrate. The Company is also developing a downstream graphite value-added business through the staged rollout of Battery Anode Facilities capable of large-scale production of coated, spheronized and purified graphite for direct delivery to battery and automotive customers. It also owns the Green Giant Vanadium Project, located in Madagascar, and the Sagar Project, located in Quebec, which are at the exploration and evaluation stage.


TSX:NEXT - Post by User

Bullboard Posts
Post by riverrockon Jun 19, 2018 11:05pm
167 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