RE:RE:RE:RE:RE:RE:RE:RE:It's Been A Long 4.5 Months Leading Into Year End Resultssw248, there can be no denying that many executives across the Saskatchewan junior potash landscape have made very, very good livings on the promotion of this novel technology without ever drilling a cavern to actually test the science in real time at the corporations shareholders frustration.
Quite honestly I am surprised that it took approx 10 years for some tough questions to finally appear on the viability of the tech, as in the last decade I think only 2 corporations have actually built caverns with hundreds of millions of dollars changing hands across the province on the premise that Intrepids Moab mine is a real time successful prototype, when in fact that is akin to comparing apples to bananas.
Now it sets a very interesting tone for those juniors desperately trying to raise capital in an environment where deep pockets are much more educated in what they are investing in. The $200 million spent so far by Western Potash / it's financiers is a huge eye opener, as I do not think even a ton of potash has been produced to date, and the jury is still out as to whether they have achieved success
Contrary to what is often posted here, I dont think any of these potash juniors are in a position of power at the negotiating table as the very first question asked by any big equity firm is likely "have you successfully proven your technology to derisk our investment dollars?" No does not exactly exude risk aversion.
In any large equity negotiation process you are either the hammer or the nail, and promoting this tech without proof it is economically viable puts any team at a disadvantage.
As I have mentioned previously, the very best information available out there regarding this process would be from those who have actually built operational caverns, so hopefully some day, a consortium of those players will get together and share their failures and success!
I guess time will tell ................