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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

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 BigJakeon Jan 16, 2024 4:26pm
79 Views
Post# 35829940

RE:RE:RE:RE:Maybe we could benefit from a deal like this

RE:RE:RE:RE:Maybe we could benefit from a deal like this
mdjbrown wrote: BigJake if I am not mistaken, the PADCOM mine was built for a couple million dollars using a shoestring budget including portable equipment. From there they got the governments ear and more money was invested provincially in support of the project.

In my opinion, there will only be one way to perfect this novel tech and depending on the complexity of Gensource's cavern model, I doubt it would cost much more than that to drill a proof of concept cavern. From that point cold leaching / hot leaching / thermal / dissolution tests would need to be conducted over a period of time as the cavern increases in volume.

Technical guys like oldsalt, would likely have a better idea on time line expectations to drill and build a functioning cavern along with testing requirements.


The drilling alone would cost more than 2 million today 
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