Nextsource Materials Inc (NSRCF)

[maseraticoupe]

Graphite Sector News

Some very interesting developments indeed on the graphite sector.

For investors in NEXT however, it is important to remember that none of this has any relevance to NEXT unless they can get their permitting sorted and an off-take agreement finalised. All the presentations and promises under the sun are of absolutely zero relevance until these two critical-path elements are addressed.

Granted mining permitting is an integral part of a full feasibility study, so I can't see how NEXT can be telling the market that they have completed a full economic assessment, when they admittedly do not have a mining permit and the tenement, as admitted in the DRA report from a couple of years ago, is an exploration licence still in the name of the vendor company. They have been trying unsuccessfully to finalise this for over 5 years now and questions should now be asked as to what is really going on.

I really don't want to be the wet blanket here, but there are plenty of graphite projects out there and we will only be spectators to all of these exciting graphite market developments, unless NEXT management can resolve whatever their underlying problems are. They should start by actually admitting what problems they are having. After all, they are required by law to do so.

Stooge makes some good points and he has obviously done his homework. Worth checking out. DYOR.