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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

Post by mdjbrownon Apr 07, 2023 10:05am
228 Views
Post# 35384546

At what point are the outstanding shares addressed?

At what point are the outstanding shares addressed?As the corporation continues to gain interest in their projects, obtaining a financing arrangement for hundreds of millions of dollars at a dime is not exactly ideal, when considering the almost half a billion shares currently outstanding.

Does the company build their first operational cavern on a shoe string budget to prove economical viablity, and then use that confirmed proof of concept to get a much better deal in an industry that has rumors of increased capacity coming online soon?

Are the engineers at Gensource waiting for results from the Milestone or PADCOM proof of concept mines to get a better understanding of the best downhole methodology to incorporate into their cavern strategy?

Looking forward to the spring and summer as interesting times ahead for sure .............


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