Potash project developer Gensource Potash has published a preliminary economic assessment (PEA) for its flagship Vanguard project, in Canada’s potash-rich province of Saskatchewan, saying the report indicates that there is “good potential” for an economic potash operation using small-scale techniques.
The Saskatoon, Saskatchewan-based company on Tuesday reported that the assessment had calculated a base-case scenario assuming a $300/t price for potash product with an after-tax net present value, at an 8% discount rate, of $212.7-million. The internal rate of return came to 16.86%, also on a post-tax basis, the company advised.
