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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 02, 2023 8:03pm
129 Views
Post# 35765525

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:I Also Found This Quote IntriguingLOL black, you really need to get over yourself.  Its not healthy to try convince everyone your word is gospel, when you know its not!

I was simply asking a question, not making any kind of statement

"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?"


As far as SMP200, did Devonian Potash call their permits Vanguard? Did Yancoal call them Vanguard before they converted the permits into Lease KL 244 and KL245?

Of course not - "Gensource subsequently termed these two potash leases, KL 244 and KL 245, as their Vanguard Area."

Dig deeper old fella, and you will find the SMP200 property was purchased by Gsp on Dec 13, 2021 for $100Kish and was not included in the Vanguard area prior to December 13, 2021.    I know you hate facts, but that is fact!

I must say good job though that you are actually looking at MD&A as that is a huge step for you.  Well done.

Now take the next big step and start looking at Saskatchewan Crown mineral rights land sales.

You will see this "Vanguard area" has been passed around a few times..............

It would really confuse you if I called Tugaske, Maverick, considering that was the projects original name by Gsp  lol

Make no mistake black, if Gsp is waiting until financing comes in before they start field work at SMP200, nothing would make me happier if all that cash was used to finally get the Tugaske (Maverick) lol drill turning and cavern operational, but then how does GSP fulfill their Sask government obligations for the SMP200 permit if financing does not come in as anticipated?   $2.7 million is a lot of money to spend on a property that only has one historical well that I can find..........

 



 

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