Nextsource Materials Inc (NSRCF)

[riverrock]

When we couple the recent news about plant and facility layouts and designs with the high prices for Battery Grade V2O5 plus price future projections for Ferro Vanadium FeV price, an upward price spike in the shares should be in the cards.
That Ms. Lee Harrs has resigned could be the reason of the recent price movement.

excerpts from recent release...
“The Company's engineering group DRA Mineral Resources (DRA) of South Africa, armed with this positive outcome, has now evolved to where it has begun to layout the mine facility, which will include a residential village to support the future mine, with accommodations and infrastructure for a full 550 personnel. “

-- Building Layouts are 98% complete with minor adjustments required for the laboratory, Canteen/Shop and an additional building added for the Power Plant Offices

-- Preliminary Layouts for the buildings have been prepared and are under review, with layouts for each building sent out for pricing

-- The residential village plan is complete - designs, layout and costs. The layout formed part of the drawing pack issued for comments / approval.   The residential village will cater for the full 550 people and will have executive, white collar and blue collar dormitories, a general kitchen / canteen / laundry block, a recreation block and a small all-purpose shop

-- A tool list for all mechanical equipment required in the various workshops has been compiled with costs

-- The fire fighting system is being designed and costed and is expected to be complete in early August 2011

-- The preliminary block plant layout is expected to be complete by the end of the first week of August 2011

-- The water demand and supply has been estimated and a trade off study will be completed to determine the best option

-- The water treatment plant and sewage treatment plants have been sized and are being designed and costed including all water/sewage storage tanks

-- A logistical study to determine costs and the best options regarding shipping and transportation to and from site and to and from Madagascar is currently underway

-- Environmental and socio-economic studies are ongoing by local company, AGETIPA.

I feel that the above items could be indicating that the PEA is going to be a solid document.