RE:RE:A little blast from the past, and why most of us invested Resourse, many long holding shareholders would argue GSFC happened.
These articles are prior to the $45 million investment by GSFC to advance The Wynyard Potash Project.
Problem is the cash is just about gone, and very little was used to advance anything Wynyard Potash Project related yet these costs to get that ball rolling, still remain:
“The cost for the detailed engineering work for the Phase I potash plant of 625,000 TPY are estimated at around $75 million, in the CAPEX estimate. Additionally, full project financing (approximately $790 million for Phase I for a 625,000 TPY potash operation) has to be secured, to start construction.”
“Additionally, full project financing (approximately $171 million) for the magnesium product project has to be secured before construction can start, although there is an option to get the MgCl2 brine plant constructed earlier. This depends on having the financing for at least Phase I of the potash project in place.”