Gensource Potash Corp V.GSP

Alternate Symbol(s): AGCCF

Chemicals Chemicals

Gensource Potash Corporation is a fertilizer development company. The Company is focused on developing resource opportunities with a specific focus on potash development. Its projects include the Tugaske Project, Lazlo Area, and Vanguard Area Project. The Tugaske Project is the Company’s advanced potash project. It has completed a full, bankable feasibility study and a follow-on front-end engineering and design study (FEED). The Lazlo Area is located in central Saskatchewan along an infrastructure corridor between the major population centers of Saskatoon and Regina. The Area is located over a thick and rich region of the Prairie Evaporite formation known locally as the Davidson Sub-basin. The Vanguard Area is located in central Saskatchewan and comprises two mineral leases, KL244 and KL245, and Potash Permit, SMP200. SMP200, which abuts existing Company leases, is about 7,180 hectares and represents a direct addition to mineral leases KL244 and KL245 in the Company’s Vanguard Area.

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Gensource Potash Corp

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Post by stockwatcher248on Feb 05, 2022 7:40pm

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Post# 34401596

GSP

Limited upside comes from the large number of Gensource shares outstanding — just over 420 million.

Given a 10 times cash flow valuation, or $900 million, equals a $2.14 cent stock value. And that’s providing the current $725 per tonne price holds.

and what about the impact on shares outstanding after the $80 million financing...

the Mouse Jaw Tribune should have had BTB review and approve the write up before publishing...I hope he doesn't write too many business stories....

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