Replies to post #7057 on Nextsource Materials Inc (NSRCF)

[riverrock]

From your http://resourceclips.com/2012/02/21/energizer-vp-brent-nykoliation-on-madagascar-carbon-assays-of-6-24-carbon-over-118-6m/

excerpt
"There’s graphite and vanadium all over the place. As our VP of Exploration Craig Scherba says, it’s very rare to find those two together. So we have two strategic minerals in one source.

“We’re moving very quickly to delineate a 43-101 resource on the graphite. We need to determine where in the 17 zones we’ll delineate that resource. Madagascar has a rainy season that usually ends in March or April, and we anticipate getting back in April or May. We expect to have a 43-101 resource by July or August of this year. We expect to have a PEA completed probably by September or October, and then we’ll be in a position to have a bankable feasibility, along with a pilot plant project that would start earlier, by December of this year.

“The reason we can fast track this is our partnership with DRA Mineral Projects, Africa’s leading mine development firm,” he emphasizes. “DRA runs 29 mines around the world. They run mines for Xstrata, Rio Tinto RIO, Vale, and now they’re partnering with us. They’re the ones who’ll do our PEA and our bankable. In 18 to 24 months, assuming we hit all our timelines, we could have a mine open up. DRA could be our total engineering, construction, procurement and management solution for mines."

Seems that we are on a positive track..,that has delayed the expected PEA result for early 2012.