Gensource Potash Corp V.GSP

Wouldn't it be nice if all the brilliant scientific minds at

[mdjbrown]

Gensource, Beechy, Buffalo / Continental, and Evolution got together and figured out a winning formula for this novel horizontal selective solution mining process conundrum.

The mountains of salt tailings from conventional mines are burying parts of Saskatchewan, with no real remediation plans to deal with it.  Has anything really changed since this was written?

https://www.asrs.us/Publications/Conference-Proceedings/1989/0543-Hart.pdf

Saskatchewan is absolutely loaded with amazing geologists, chemists, and other accomplished scientific minds, but being the first seems to have driven a wedge in that brain trust.  

Enough years have passed promoting how great this wonderful new process could be for the planet, and it's long overdue that a consortium gets together and builds a real time economicaly viable proof of concept mine incorporating all the green tech that makes this novel mining technique so exciting including such a small environmental impact.


Looking forward to that day as everyone wins including mother nature, as she is unfortunately a bit cranky right now!

[habsguy]

Good luck on that pipe dream......

[mdjbrown]

Sad but true habsguy, and why status quo will likely continue to be the norm within this novel business strategy.

[stockwatcher248]

MJB....over 400 Million shares outstanding with no revenue, hello, share consolidation??......,,,current financial position as per last financial statements as I see it is cash of $300, 000 and current labilities / accounts payable of $4,000,000...whose is going to pay the bills???? to keep the doors open????...ugly scenario in my humble opinion...just my thoughts....

[mdjbrown]

Its a difficult position for sure sw248.  Gensource has almost as many shares outstanding as Nutrien, so my guess is some form of consolidation has been discussed in the boardroom. So how do you get ahead in this race? When comparing Gensource to Evolution Potash there is not a lot of differences operationally, as neither have broken ground to date, they are both looking at very similiar

[stockwatcher248]

good points MJB.....any type of equity financing at this level would move the share count to the billions...just exactly why I have moved out of the stock many months ago...but I'm sure Black has some comments that would substantiate the share price here.... going to be lots of pain out there for those caught.......

[mdjbrown]

sw248, if Western can show positive results in their cavern technology, hopefully Gensource can generate some interest in their Tugaske project, as I really believe there will only be one downhole method that eventually proves doable.  The processing part of the equation has been proven a million times, so that will not be an issue. Gotta give the folks at Western an "A Plus" for