Gensource Potash Corp V.GSP

Further delays reported with Westerns mining process

[mdjbrown]

Will be interesting to see what affect if any these delays have on the other juniors relying on the same technology.  It is amazing to me that > $200 million was spent to build an operational facility without first confirming proof of cavern operations.

[stockwatcher248]

ya MJB woud hate to have to be seller n the stock...was 500k offered at 8c last week and 100k plus at 7.5 today and no one is buying...not a pretty sight...where's Black ??...BTB  ??

[403boss]

It's just delaying the inevitable,  it's untested technology and delays suggest skepticism creeping into the picture, if they were confident they would be rushing.  Imagine the investors who are just now finding out this is all unproven technology and GPS may never produce even 1 kilo of marketable potash. Time is ticking. 

[mdjbrown]

403boss, although it hasnt happened yet, I am confident this cavern technolgy will be figured out at some point.  BPPC gave it a shot at the PADCOM mine and if I am not mistaken produced potash with their attempted application.  Now some fine tuning is required on this novel technique to master it the lessons learned during that first attempt. It is beyond me why these junior hopefuls

[oldsalt72]

Yes, 403. Definitely untested. There was a paper presented at SMRI in Sept 2016. that explained in detail, why the Western approach had no way of working. The paper also related to the original Gensource designs, actually included errors common to all the designs that are out there. Looks like the paper was right. The attachment to these designs is not based on good scientific design, but on some

[mdjbrown]

oldsalt, was this the presentation you are referring to: https://smri.memberclicks.net/assets/docs/Abstracts/2016/Fall/MP2016F_Haugen_Abstract.pdf  Years of conference presentations  https://www.solutionmining.org/historical-conferences

[oldsalt72]

Yes, MDJB, this is the one I was referring to. A current article in Potash Works 2024 might also be instructive.

[mdjbrown]

Very informative article oldsalt72 https://issuu.com/delcomminc/docs/ppe_2023_-1/s/22915741