Gensource Potash Corp V.GSP

RE:GSP $700k Private Placement

[mdjbrown]

btb, just curious

We know GSP was down to approx $300k 3 months ago, so how far do you think $700k goes when conducting fieldwork, key bridge engineering work, and updating AACE Level 3 Capital cost estimates?     These were all action items that were to be completed in early 2023, but we have not seen those updated reports.

If insiders are largely funding this PP, I think that shows fantastic committment by the executives, but it also highlights just how hard it is to raise capital in this novel sector at the moment.

Believe it or dont, but my guess is all eyes are on Western's upcoming anticipated production rates, as that will give a very good indication of probabilities in conquering this novel downhole puzzle.

Whether deciding to rely on evaporation ponds or mechanical methods of crystallization, that has all been proven for decades.

The hundred million dollar + facility looks great, but whats going on beneath the surface is the make or break for this industry.   

 https://westernresources.com/

Stay tuned as things are getting interesting.