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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 mdjbrownon Mar 24, 2023 11:29am
202 Views
Post# 35358662

RE:GSP

RE:GSPsw248, it really boils down to two very large hurdles.

Proving the novel concept and raising hundreds of millions in capital to attempt it.   Chicken and the egg conundrum

For years now, hopes of a deep pocket partner have been promoted to move the needle but unfortunately has not materialized.

Promotion of an unproven technology has been very lucrative for many juniors the past few years, but at some point informed investors start asking wheres the beef!   That is where we are now I believe.

With several horizontal selective solution miner hopefuls out there and none to date definately announcing they have perfected the technique, tells you all you need to know.   There is a reason this novel technique has been attempted for 6 decades and to date not one potash mine in the world is producing economically using horizontal selective solution mining.

With both Western and Beechy in the ground, those two companies would have a wealth of knowledge on what has worked to date and what hasnt.  Unlikely Western would share their data being foreign owned, but Beechy might

GSP would be doing itself and its shareholders a huge favor by bringing in Beechies brain trust, instead of wasting millions in making mistakes previous encountered by BPPC.

With financials due within a week, lets see what they offer in the way of clues...............




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