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.

TSXV:GSP - Post by User

Gensource Potash Corp > 2 penny stocks I’d buy to hold for 15 years!

<< Previous

Bullboard Posts

Next >>

Comment by mdjbrownon Jan 17, 2023 10:59am

131 Views

Post# 35227909

RE:RE:2 penny stocks I’d buy to hold for 15 years!

That would be very good news btb, and really emphasizes the importance of breaking ground in the spring as reported by the company. 18 months minimum appears to be the quickest forecast for the construction / production of this novel process from what I can find, but that would mean Gsp would have to rethink their initial cavern construction methodology.

If I recall from the last TR, Gensources model incorporated a very complicated matrix of 7 horizontal fingers in a fan type pattern which would be very expensive to drill and time consuming to complete compared to an injection well to a single horizontal cavern to the production well models out there.

Maybe HELM has agreed to advance Gensource the previously reported $50 million to get a jump start on construction in exchange for a greater percentage of the project? If proven successful, additional funding would not be hard to raise and both parties would benefit.

The author of this article also identifies the importance of no further delays, so a press release by the company sooner than later announcing a start date would signify great progress.

"Mine development is highly complex and expensive business. And any setbacks between now and first production could wallop Gensource’s earnings"

https://www.fool.co.uk/2023/01/17/2-penny-stocks-id-buy-to-hold-for-15-years/

<< Previous

Bullboard Posts

Next >>

Anaergia expands relationship with PepsiCo