RE:RE:GSPRelaxing, GSP has had a fantastic run the past month pushing its market capitalization close to $200 million.
In comparison, that is absolutely phenomenal when comparing to another Saskatchewan construction ready potash project whos m/c reached $120 million after announcing a billion dollar financing package in 2016.
That companies M/C is now unfortunately $5 millionish give or take as that promising deal fell through for a variety of reasons.
Then came Western Potash's turn, who reported a very similiar mining methodology as GSPs intended mining template. That being Intrepid Potash's Cane Creek / Moab model.
Unfortunately, Western hit a wall with less than expected KCl results after running their process for a year. Not paying $ millions to construction creditors also didnt help solving the puzzle.
The excitement surrounding the Vanguard project is great to see and good for the industry, but keep in mind, there is still at least one very important matter that needs to be conquered before there can be a Vanguard 2 or 3.
Whether GSP can tweak Westerns sub surface dissolution process to make it their own, or another company finds an economically viable solution and GSP licences that technology, the fact is the mining technology still needs to be proven. So far, thermal science has proven to be problematic and more specifically phase chemistry has been the victor in several recent attempts.
Once / if that is proven, who knows how high GSP can go, as I believe there will be a line up for Gensources brilliant modular mining approach. The folks at GSP have put an absolute gem together in turning the potash world on its head, but now that plan needs to be executed with a little help from mother nature.
Someone / somewhere is going to figure out a way, and the lid will be blown off for these juniors trying to compete with the goliath's in the industry
It wasnt that long ago the big car makers paid to crush the invention of electric vehicles, now EVs are becoming the go to source of transportation.