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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 mdjbrownon Feb 26, 2024 10:27am
148 Views
Post# 35898965

RE:RE:RE:RE:Will the next financials include optimization numbers ?

RE:RE:RE:RE:Will the next financials include optimization numbers ?sw248, the majority of potash hopefuls and producers have dropped substantially since the artificial March 2022 inflation caused by fears of lack of supply due to the Russia / Ukraine conflict.

As expected, western sanctions had no teeth, and both the Russian and Belarusian potash producers managed to sell millions of tons of potash through chinese and indian channels causing potash prices to plummet from their highs.

Now the trick for all producers will be balancing lower potash prices with increased costs to produce, not to mention greater global supply on hand than expected.

Not sure deep pockets would want to push hundreds of millions of dollars across the table to gamble on novel projects, when currently potash is currently dirt cheap to buy with other projects coming on line shortly.

Time will tell ........................
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