Replies to post #7030 on Nextsource Materials Inc (NSRCF)

[stooge4]

True.

Don't get me wrong; I still think there is importance and potential in battery technology.

I'm still a frustrated long. I knew without the PEA being released that we would be headed right back to 20 cents. There was too much optimism after the trade show. The share price hasn't appreciated as I would have liked; but then I knew I bought much too early. I'm hoping that this year rewards (to some extent) the years of waiting. Never going back to the 30 cent range would be a nice start.

[riverrock]

I believe the low natural gas price is caused by both the present business climate and the recent shale gas deposits. Shale gas deposits are said to have high development cost and quick decline ratios, as much as 50% during the first year.

Also NG companies had to explore, or lose their leases, so along with the business climate, underground storage in the US increased considerably, further lowering the NG price. The fracking process for shale deposits uses various chemicals that many communities say are contaminating their aquifers.

Using frac sand alone doesn't create contamination, because its a natural element that's further process before use.

I think the shale gas situation could have problems and NG may spike.

JMO