It's true that next week we might wee over $.60. We might see under $.05 next week. Anything might happen next week.
This company just wants to sell out. It has no interest in mining potash. Any potential suitor will have to cover the debts and, more threatening, will have to cover hundreds of millions of dollars in investor lawsuits. The current directors and managers are desperate to get rid of the mess they made but I seriously doubt that there are any moneyed sources who will take it off their hands.
Buy it at this price and you might a lot of money. And you might lose it all. It's nothing more than a bet on finding a funding source that will want the potash in return for the huge potential liability.