Potash One Target Price of $8.80 Issued by GMP Securities

GMP Securities, one of Canada’s most widely respected investment banks issued a 31 page buy recommendation on Potash One (TSX.V:KCL) yesterday, suggesting a target price of $8.80 per share, a premium of 125% to yesterday’s close of $3.90.

Puget Ventures (TSX:PVS) joined the ranks of Canadian Exploration companies focused on base metals in politically stable jurisdictions when it commenced trading on the TSX Venture exchange last month. The company launched itself with the Trout Bay joint venture project with Goldcorp (TSX:G).

New TSX Venture issuer Potash North Corp. (TSX.V:PON) put on nearly $40 million in value Wednesday with the debut of its shares. The company acquired a 185,000-acre land position in Saskatchewan’s potash belt 20 km away from Mosaic’s (NYSE:MOS) and Potash Corp.’s (TSX:POT)_Esterhazy operations, and 45 kilometres north of Potash Corp.’s Rocanville Mine.

A much anticipated new potash company commenced trading on the TSX Venture exchange today. Potash North Corporation (TSX.V:PON) was previously named Timer Explorations Inc (TSX.V:TES) and was an inactive exploration company.

Lehman Brothers Holdings Inc (NYSE:LEH) shares continue to hemorrhage in value as losses mount from exposure to “very large, illiquid assets”. The fourth largest securities firm is expected to announce an equity sale to raise up to $4 Billion to replenish its supply of capital. And there is increasing speculation that the company could go the way of Bear Stearns.

Global Financial Meltdown Ahead

If I were to suggest that the Gold and Commodities Boom owes its current robust constitution to the Internet, the image of a horse's posterior might pop into your head. But bear with me, and see if you can't be convinced.

Colossus is a real sleeper that has the potential to become a household word overnight. The reason is simple: Serra Pelada. The picture below tells the story. Core from drilling completed last month is now at the lab, and if the results continue to demonstrate rich mineralization over long intercepts with good continuity between holes, the stock could easily take off in a northerly direction. With the vast amount of data available to the company, feasibility is scheduled to get under way in 2010.

Helio 's project generator model is starting to yield results, both in terms of attracting other juniors as joint venture partners, and on the strong results coming from its flagship SMP property in Tanzania.

The demand for potash is growing steadily in the face of increasing global population and a looming food crisis. The explosive growth in China and India, and the coincident increase in food requirements has made net importers out of nations that once were self-sufficient in terms of food supply. This has put increased pressure on farmers to max out yields through optimized fertilization programs. Potash is the source of Potassium in the NPK (Nitorgen- Phosphate Potassium- triplet of fertilizer designations.)