FascinatingIt never ceases to amaze me how larger publicly traded junior potash companies looking at novel methods of extraction use excuses like covid, the Russian invasion, etc, etc, etc to rationalize the lack of progress on their projects, when little bitty non publicly traded companies with miniscule payrolls and very limited treasuries are forging ahead to prove that the novel idea of an enviromentally friendly method of potash production is possible.
Why is that do you think?
PADCOM is forging ahead despite the covid, Russian invasion, difficult capital market excuses to be the first ever to complete an economically viable horizontal selective solution mine, and they are doing it on a shoestring budget!
If that talented group of scientists and geologists cant pull it off, then good luck to everyone else in the same space as these guys have been trying to perfect it through computer analysis, bench testing for a decade, and are just now in the ground trying to prove their model as viable.
There is a very good reason that even though Western timed their mine construction date perfectly, they have yet to capitalize on these sky high prices of potash when after 2 years their evaporation ponds should be full of Kcl just sitting there waiting to be harvested.
Again, why is that?