It's true that they have not been producing, but in addition to having about 16 cents/share in cash they are full owners of 87,500 acres of prime potash territory in Saskatchewan.

Last year they had private placements to raise 80 million @ .3358/share (price currently .135)

With reports of the 9 year slump in potash prices ending I felt comfortable buying a monthly mortgage payment of the company in hopes of a buyout offer. But, still, they are working towards mining the potash themselves, the project takes time though.

http://www.fool.com/investing/2016/12/08/why-fertilizer-stocks-soared-as-much-as-207-higher.aspx?source=yahoo-2&utm_campaign=article&utm_medium=feed&utm_source=yahoo-2&yptr=yahoo