stsoumpas

GSP - A hidden gem

Long
TSXV:GSP   GENSOURCE POTASH CORPORATION
Fundamentally and Technically sound. I've been watching and buying for some time and done my share of due diligence to find this is going to be the "next big thing" is environmentally ethical mining. EXTREMELY light volume and a tight channel with minimal volatility makes it an easy buy.

I expect funding news at some point before the end of the year for the Tugaske project expected to produce a minimum of 250,000 tonnes of muriate of potash (MOP) per year. HELM Fertilizers Corp, a US-based subsidiary of HELM AG, has agreed to purchase 100% of the annual production from the Tugaske Project and market directly to its customers using its own infrastructure.

Lets talk about the price of potash now... For the fourth week in a row, potash saw the largest month-to-month gain, increasing to an average price of $501/ton. This marks the first time potash has had an average price above $500/ton since the fourth week of September 2013.

Lots of good things in the making here and happy to be along for the ride on a long position!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.