Replies to post #4847 on Nextsource Materials Inc (NSRCF)

[spartex]

IMO, selling out to China would be a huge mistake, especially cause they won't give ENZR a fair price for Green Giant, if that is what you are refering too in your post.

Selling mined vanadium pentoxide to China, now that would be a very reasonable probability.

BTW, we are sitting at 0.26 ask right now. MM looking for shares. :)

[stooge4]

Hi Maser,

Yes, I did make a typo there.

China has a very large presence in Africa, so I think there is real merit to what you are saying. I don't discount it at all. However, I don't know that India has much if any vanadium. They need to significantly build their infrastructure if they intend to continue emerging. They are also in direct competition with China. In fact, I'm not sure they are as much competitors as they are opponents (putting it delicately). So India will need vanadium, and they are on a more direct shipping route from Madagascar.

China hoarding their vanadium should provide a significant boost in price for the material. I think we're well positioned here. But I don't foresee a significant run-up for us until next year when the bankable reserve report is supposed to be completed. We may get a good run up from the impending NI43-101 report (got it that time!), but I think next year could be very good for us.

I would like to see management buying their own shares. I would also like to know how they plan to finance a mine. I may ask these questions and many more pertinent ones of IR after the NI43-101 document is released.