Nextsource Materials Inc (NSRCF): Spartex...In October of 2015 Largo did...

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riverrock

Re: spartex post# 13172

Monday, 08/22/2016 5:03:33 PM

Monday, August 22, 2016 5:03:33 PM

Spartex...In October of 2015 Largo did a 10:1 share consolidation and ended with approximately 109,262,730 common shares from their original float of about 1.0 Billion shares.

Since then they had a number of private placements and are know back up to 412.6 million shares.

Even though Largo is producing well, the price of Ferro Vanadium is down and they entered in a non-binding agreement with a VRB Group of companies to supply battery grade vanadium.

That was one of the reasons why I posted this idea on Stockhouse.
http://www.stockhouse.com/companies/bullboard/t.egz/energizer-resources-inc?postid=25160008

Presently costs to build graphite facilities are lower than what Largo paid for its Ferro Vanadium facility

Its also possible that -if in a JV- the partners might want to start at a higher rate of graphite production that planned and they would be in a better position to later go into battery grade vanadium.