RE: WPX vs APIhi,
(the old athabasca hp is deleted and the link leads to bhp, so it´s hard to find the (old) prefeasibilty study of api),
whatever,
i don´t know any potash-explorer company in the whole worldwide potash-history/past which was sold for a solid value before the prefeasibility study was done,for good reasons,these big players are no speculators or dreamers ;-)
and this process lasts at less overall, from first drilling until prefeasibilty, around 2 1/2-3 years.
in the meantime all of these juniors have to raise a lot of money via pp´s i.e. .
cost´s for the pre/feasibilty
only,around 40 million.
so compare,what´s realistic.wpx is well financed now for the last phase of the explorer-stage.
don´t ask me why others, are rated higher, logic starts with L and find´s it end by humans,sometimes ;-)
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from 2009
https://www.miningweekly.com/article/athabasca-potash-ousts-ceo-2009-06-25
TORONTO (miningweekly.com) – The CEO of Canadian potash hopeful Athabasca Potash, Dawn Zhou, has been removed from her executive positions, the company announced unexpectedly on Thursday.
It is currently being run by a special executive committee ofdirectors, which will also be responsible for finding and hiring a newCEO.
Athabasca Potash shares dropped 5,45% by 14:17, to C$4,68 apiece in Toronto.
Zhou,who will remain a director of Athabasca, was central to the formationand early development of the company, thanks to her “entrepreneurialexpertise and experience in geotechnical matters surroundingexploration”.
However, it has now reached a stage where it requires a CEO that hasexperience in mining project finance and development, buildingcompletion and operations.
“A new CEO will be sought who alsobrings to the corporation strong management and administrative skillsrequired from an internal governance perspective as well as externallywith respect to the marketplace,” Athabasca said.
In the meantime, the special executive committee will be responsiblefor the general running of the business affairs of the company, and willwork closely with COO Terry Walbaum in advancing the preliminary feasibility study under way on the company's flagship Burr project, in Saskatchewan.
The committee comprises three directors: Jim Gardiner, who will act as chairperson, Leo Bingleman and John King Burns. Gardiner is the former president and CEO of Fording Canadian Coal Trust.
The Burr prefeasibility study is scheduled for completion during the third quarter.
Theproject contains 125,8-million tons of measured mineral resources, at agrade of 21,27% potassium oxide (K2O), indicated mineral resources of299-million tons at a grade of 23,07% K2O, and inferred mineralresources of 186,9-million tons, at a grade of 23,55% K2O.
Demand for potash surged in early 2008, boosting prices, but hassince softened, as farmers, squeezed by the economic downturn and creditcrisis, deferred their use of fertiliser.
Producers have responded quickly to cut output levels, with theworld's biggest producer – Potash Corporation of Saskatchewan – alreadyhaving reduced its production forecast for 2009 by a total of4,7-million tons, after announcing another 800 000 t curtailment earlierthis month.
Potash Corp cited “lagging demand”, but said it still expected astrong rebound in demand for the fertiliser ingredient next year.
Edited by: Liezel Hill
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sold jan. 2010
https://www.bhpbilliton.com/bb/investorsMedia/news/2010/planOfArrangementToAcquireAthabascaPotashInc.jsp
ps:
if not known, here´s a must read and good beginning point for all newbies interested in the potash (business) on this planet.
https://en.wikipedia.org/wiki/Potash
cu