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Gensource Potash Corp V.GSP

Alternate Symbol(s):  AGCCF

Chemicals Basic Materials
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

Gensource Potash Corp > While we all wait for updates from the corporation
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Comment by mdjbrownon Jan 31, 2024 10:02am
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Post# 35854719

RE:RE:While we all wait for updates from the corporation

RE:RE:While we all wait for updates from the corporationYou are welcome sw248

 I dont know if 500:1 is in the cards, but I agree that at some point a consolidation will be likely. I could certainly see a 20:1 split occur to push the shareprice above a dollar to make financing a bit more attractive.

Time will tell sw248, as the potash cycle is a bit of a roller coaster at the moment, and it would be nice to see an updated CAPEX  / OPEX report from the corporation as well as an updated drilling presentation.  The Moab method is unlikely to work, so what is plan B?

I am not sure why there appears to be reluctance in putting a proof of concept cavern on the table for the spring, as proving it opens the door wide open to financing and in the grand scheme of things, it will not break the bank considering they already have a drilling contractor with Innovare.
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