Gensource Potash Corp AGCCF

With Interim Financials due in a week or so

[mdjbrown]

that will give a better idea of where the corporation is sitting.

PADCOM has requested an extension until Oct 2024 for submitting required docs, so lets see where that goes as they seem to feel they are closest to producing potash using this novel tech. They operated on a shoestring budget to build their mine, so no excuses for other public entities reportedly planning on relying on this same tech.

It can be accomplished for a few million dollars to take a kick at the can.

Western dove in head first, before completely understanding the complicated cavern dynamics which I am sure they now regret after spending mega bucks to build their POC mine / facility.

After spending $250 million building a mine / facilty they have a current market cap of approx $17 million.

Gensource has not drilled a cavern to date, have not infrastusture in place yet have a market cap of $45 million, so it just goes to show how confused and unstable this novel tech potash market  valuation is.

[frostback]

Is PADCOM and WRX utilizing the same downhole design?  

[oldsalt72]

Hi Frostback. The Padcom mine design is property of BPPI and is patented. The plant design is property of BPPI and the crystallizers are patented. A detailed licence agreement was made by Padcom and BPPI to cover the design, drafted up by lawyers and attested to, in 300 pages of text messages and e mails. Padcom, in the end decided not to sign, in spite of their verbal and written commitments

[frostback]

Thank you.