Gensource Potash Corp V.GSP

Interest increasing

[7Twiggy]

Not a lot of volume today, but the bid interest has been increasing this morning.  Suspect a lot have put this on their watchlist as a result of HELM's involvement and the Tugasje project.  A lot of good coverage in a number of mining publication's.  I can't find any evidence of insider selling lately and the short number on this stock is insignificant.  Does anyone have a good site to follow the price of potash. Most likely good to keep track as this will also play a large role in how well the company succeeds. Google Tugaske and you will get an idea of the various publications that have put out information on the project. Wonder who the sellers are?  Suspect those that got in early and recovering some of their capital. One or two large investors coming to the table could really make this interesting.

[bobbythebaker]

Execpt for the 90 or so of us who have been following GSP for past 5 years or so, the whole world has yet to discover the company.  Analysts, fund managers, private investors, etc.  If GSP starts to be accepted as a future producer, it could go from trading $30k in shares a day (common until the past few weeks) to 10, 20 or 30 times that amount.  How much fun would it be for that

[WalStreetPotash]

Thats an awesome idea Bobby! We should should take positive control of that idea and force it into reality.

[mdjbrown]

BTB, Gensources idea to offset expensive electrical costs through the operation of a steam turbine genset is extremely creative, but with the cost of natural gas almost tripling in the last year, and it being the biggest OPEX cost in any solution mining operation, do you know if GSP has locked in a pre set gas rate to offset increasing natural gas prices. I looked through GSPs Technical Report

[bobbythebaker]

I figure it's way, way, way too early for GSP to be looking at hedging strategies for natural gas.  In the best case scenario, I don't see GSP ramping to full capacity for another 3 years. Fortis is currently charging CAD$5.02 per GJ for residential.  Using your excerpt above with 1.9mm GJ/year usage, that means GSP's current cost of nat gas would be CAD$9.5mm per year.