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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

Gensource Potash Corporation is a Canada-based fertilizer development company. The Company is focused on developing resource opportunities with a specific focus on potash development. The Company operates under a business plan that has two key components: vertical integration with the market to ensure that all production capacity built is directed, and pre-sold, to a specific market, eliminating market-side risk; and technical innovation, which allows for a modular and economic potash production facility, which demonstrates environmental leadership within the industry, producing no salt tailings, therefore eliminating decommissioning. Its projects include Tugaske Project, Vanguard Area and Lazlo Area. The Vanguard Area is 100% owned in central Saskatchewan, located 170 kilometers (km) South of Saskatoon, 150 km North-West of Regina on a provincial highway system. The Lazlo Area is located in central Saskatchewan.


TSXV:GSP - Post by User

Comment by mdjbrownon Dec 24, 2022 10:54am
226 Views
Post# 35191034

RE:GSP

RE:GSPComparing apples to apples it is interesting that Gensource's market cap is only a few million dollars less than Western Resources m/c, when Wrx has its wells, caverns, evap ponds, and mine construction nearing completion, an offtake, $160 million in investment to complete the proof of concept mine, when Gsp is still in the conceptual stage without putting a shovel in the ground to date.

Gsp shareholders can likely expect a similiar construction journey and timeline ahead,  just without the evaporation ponds. Instead Gsp is using an intricate fan style cavern design with mechanical evaporation and processing according to previous presentations.

Hopefully that journey starts with breaking ground in early 2023, as it has been a long wait to see dirt flying at Vanguard...............................

https://www.youtube.com/watch?v=2s5R3xPqsw8







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