Nextsource Materials Inc (NSRCF)

[bywisdom]

This is an old article which many of you probably read some time ago, but it reminds me of why I had thought that ENZR would be a low cost producer. Below is the part about its low cost of production:

http://www.energydigital.com/Uranium-Star-Corp-Unearthing-new-power-source_31962

LOW COST PRODUCTION
One of the most exciting attributes of the Uranium Star Vanadium Project is the geology. “The mineral is hosted within a graphite-rich sediment with a very shallow overburden that is less than five meters thick,” says Bill Nielsen, P.Geo., Uranium Star’s Vice President of Exploration. “Sediment-hosted vanadium deposits are quite rare, occurring in less than five percent of the world’s vanadium occurrences, which happen mostly in volcanic intrusives.” Once in production, this means vanadium extraction at the Green Giant Project can be accomplished through leaching alone, significantly reducing capital and processing costs over that of rival operations.

Uranium Star is targeting a minimum 200 million ton deposit, which is anticipated to be one of the largest low-cost, single sources of Vanadium in the world. When developed, it could be a significant barrier to entry for other companies looking to bring pending and future deposits on-line. Uranium Star’s deposit could provide the necessary sureness of supply at low cost to stabilize world vanadium prices and encourage further utilization of vanadium worldwide.