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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 Dec 01, 2023 11:40pm
113 Views
Post# 35764808

RE:RE:RE:RE:RE:RE:I Also Found This Quote Intriguing

RE:RE:RE:RE:RE:RE:I Also Found This Quote IntriguingHope all is well with you and yours, black.

Everyone has their own due diligence methods and despite your reliance on the hope and rose colored approach, some folks actually rely on good ole fashioned financial metrics to judge a corporations health.

Go figure, lol!

With regards to site prep and field work at SMP200, is there a chance of stretching financial resources to thin considering current cash on hand? 

If GSP is spending $900K on their newest shiny toy SMP200, does that leave enough in the coffers to prove up initial cavern optimization and well construction at Tugaske?

History appears to repeat itself every few years as Lothar, to Lazlo to Vanguard, to SMP200 were all heralded as flagship properties depending on the dial position in the wash, rinse, repeat cycle.

That said, there are likely expenditure expectations by the Gov of Saskatchewan for the SMP200 property, so dammed if you do, dammed if you don't I guess in an economy not exactly potash friendly at the moment.................

Stay healthy and happy black!

 

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