Nextsource Materials Inc (NSRCF)

[gappa2]

I read this on a Yahoo board about the resource estimate. This person figured it out differently. He calculated the vanadium resource in relation to the percent concentration.

IMO..........that looks to be more realistic, other wise the number seem to large. I don't really know. what is your thinking on this? Here is the post by "shkintl1"


Re: 200 million tons of vanadium... 16-Jul-09 08:17 pm


If they are targeting 200 million tonnes of mineralization at a 1 percent concentration, then that is 2 million tonnes at $11 a pound. (2200 lbs per tonne x 2 million tonnes x $11) is about 4.4 billion dollars divided by 100 million shares outstanding = $44.00 a share
this seems more realistic than the 200 million tonnes of actual vanadium. $40+ a share selling under .20