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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

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.


TSXV:GSP - Post by User

Comment by bobbythebakeron Apr 23, 2022 8:54am
289 Views
Post# 34625985

RE:RE:RE:GSP

RE:RE:RE:GSP
Don't despair, gents.  I know it's been a long haul, but no need to panic here just because the overall market is taking a hit.  If you compare GSP's price action compared to Nutrien's over the past 5 years, you'll notice that while they're not 100% in sync, they are surprisingly similar.  And the closer GSP gets to becoming a producer, the more I expect them to align.  So when commodities take a massive blow as they did the past 2 days, with every commodity ticker down 15-20%, GSP is not immune.  But there's an arrow GSP has in its quiver that the others don't:  after years of putting together this cleverly designed project (far more than just promotion - in fact GSP is generally loathe to promote), they are still on track for a Summer construction start, just as they have been for the past 6 months.  From the MDA published in March:
 
"While the IFOA has not yet been executed (waiting for key project financing milestones to be completed as a pre-requisite) the core group advanced key Project tasks in Q4 2021, which will support ramp-up to full Project execution upon successful financing – anticipated in Q2 2022."
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