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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 Mar 24, 2023 11:29am
171 Views
Post# 35358662

RE:GSP

RE:GSPsw248, it really boils down to two very large hurdles.

Proving the novel concept and raising hundreds of millions in capital to attempt it.   Chicken and the egg conundrum

For years now, hopes of a deep pocket partner have been promoted to move the needle but unfortunately has not materialized.

Promotion of an unproven technology has been very lucrative for many juniors the past few years, but at some point informed investors start asking wheres the beef!   That is where we are now I believe.

With several horizontal selective solution miner hopefuls out there and none to date definately announcing they have perfected the technique, tells you all you need to know.   There is a reason this novel technique has been attempted for 6 decades and to date not one potash mine in the world is producing economically using horizontal selective solution mining.

With both Western and Beechy in the ground, those two companies would have a wealth of knowledge on what has worked to date and what hasnt.  Unlikely Western would share their data being foreign owned, but Beechy might

GSP would be doing itself and its shareholders a huge favor by bringing in Beechies brain trust, instead of wasting millions in making mistakes previous encountered by BPPC.

With financials due within a week, lets see what they offer in the way of clues...............




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