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WESTERN POTASH CORP T.WPX

"Western Potash Corp is engaged in the acquisition, evaluation, and exploration of mineral properties containing potash in Western Canada. The Company holds interests in the Milestone Project located in Southern Saskatchewan."


TSX:WPX - Post by User

Comment by smartinvest78on Jun 04, 2013 7:36pm
134 Views
Post# 21483533

RE: Western gets $32M for Milestone from Chinese f

RE: Western gets $32M for Milestone from Chinese f

These analysts have no clue what they are talking about. They keep saying WPX can not raise sufficient fund to build the mine and compare WPX deal to KRN and IC Potash's deal. They don't know the WPX deal is totally different from KRN and IC Potash deal. KRN parnter Gujarat State Fertilizers & Chemicals Ltd is only a small fish with annual net profit after tax only $0.137B, which has no capability to fund KRN project. YARA is a company with annual net profit $1.7B, however, it's profit driven, which means its investment is totally dependent on potash market and profit. China Blue is state-owned company. Its goal is to help China to achieve national strategy. China needs lot of potash, so China would like to buy potash at cheap price. They don't care the market.  China Blue's parent company-CNOOC is a very large company with annual net profit after tax at approx. $10B. They have the capability to fund the mine without any problem. This WPX mine will be build.

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