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Gensource Potash Corp AGCCF


Primary Symbol: V.GSP

Gensource Potash Corporation is a Canada-based fertilizer development company. The Company is focused on developing resource opportunities with a specific focus on potash development. The Company operates under a business plan that has two key components: vertical integration with the market to ensure that all production capacity built is directed, and pre-sold, to a specific market, eliminating market-side risk; and technical innovation, which allows for a modular and economic potash production facility, which demonstrates environmental leadership within the industry, producing no salt tailings, therefore eliminating decommissioning. Its projects include Tugaske Project, Vanguard Area and Lazlo Area. The Vanguard Area is 100% owned in central Saskatchewan, located 170 kilometers (km) South of Saskatoon, 150 km North-West of Regina on a provincial highway system. The Lazlo Area is located in central Saskatchewan.


TSXV:GSP - Post by User

Comment by mdjbrownon Jan 16, 2024 9:10am
96 Views
Post# 35828616

RE:GSP

RE:GSP403boss, i truly believe both the strategy and intention for Gsp's modular business model was really promising, but I dont think most in this novel industry realized just how challenging the cavern science would turn out to be. That horse is now out of the barn, and the days of hyping this technology to raise huge capital from those who do not understand is going to be challenging, until someone finally proves economic viability.

The industry as a whole has a very good understanding of the processing, packaging, storage, shipping parts of the equation, but not so much when it comes to actual production. Add that to wildly inconsistent potash prices, natural gas, and other OPEX / CAPEX costs and it has been tough for any of these horizontal selective solution miners to gain any traction.

Shareholders have endured massive dilution since this novel tech was first heavily hyped and promoted, and at some point the reset button is going to need to be pressed.

Big question is when?  


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