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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 Oct 04, 2024 9:57am
117 Views
Post# 36253068

RE:RE:RE:GSP

RE:RE:RE:GSPsw248, I havent given up hope for this little potash hopeful company, as there are still options out there.

The Padcom mine was initially producing potash shortly after the cavern was established and the cost to get to that point was very little comparatively speaking as they were on a really tight buget.

So doesnt Gsp call up the folks who got that mine up and running and get them to duplicate Padcoms early success on the Vanguard lease.  The positives of actual production will allow GSP to spread the news to deep pockets, benefit from all the green incentives both Federally and Provincially, and they would be off to the races promoting a small footprint mine, with huge advantages.

Seems simple right, yet everyone seems to be sitting on their hands...........

I found this comment on another board interesting, and it sure looks like the guys from BBPC have put the time in and are way ahead of the game in terms of knowing how to reach production through this novel process..

"Thanks Wiser8. I haven't looked at this for a while.
In 2009 BPPC worked through the basics of selective solution mining. They started with basic phase chemistry, the solubily work published by D'ans in 1933. BPPC used Cornec & Krombach 1932. This data was graphed to show solubility of KCl and NaCl, from, individually in water, to full equilibrium saturation in both KCl and NaCl, at temperatures from below 0 to 100 degrees C.
The dynamics of solubility rates are detailed in work by Sask Research Council, by Ozsahin and Husband, "An Investigation of the Potential of Solution Mining of Potash in Saskatchewan, Aug 1965." BPPC has spent several years now verifying that data in lab testing and modelling.
BPPC established the basic rules of selective solution mining. Within the solubility limits, the most important factor affecting dissolution rate is long term access to the KCl crystal in the ore. The ore is a mix of KCl and NaCl crystals. Selective mining says the NaCl is not dissolved so it has to be "liberated", washed out of the face to access KCl for dissolution. This is only possible with a good mine design and in the right high grade ore. The second most important factor is contact velocity, then feed brine composition. Brine from the mine needs to be saturated, close to 20% KCl, about 19% NaCl.
If this is done right, the mine is simple, the patented BPPC designs. A Beechy well pair might cost less than $2 million. A BPPC crystallization system less than $2 million. I think the infrastructure is excellent. Sell the dredge and submerged conbustion and a bunch of pumps.
Selective mining is predictable when it is undestood. There are a lot of "experts" out there, that have lots of ideas. Sorry, we need to understand the basics, then build the mine, and support the startup and early development with good science.
We know how to do this, and it wouldn't take long to get to production either."

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