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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 05, 2013 3:10pm
200 Views
Post# 21488433

RE: RE: RE: RE: RE: Smartinvest

RE: RE: RE: RE: RE: Smartinvest

My guess is that China will provide fund to build WPX milestone mine, and as an exchange, WPX will give up approx. 60% of company control right to China. Somebody may ask why chinese not to take over the whole WPX? Two reasons: 1) Chinese doesn't want to give canadians an impression that they are just coming here to exploit canadians' resources and not benefit them. 2) They have no experience to bring a potash mine into production in Canada from scratch. They need some guys knowing canadian business way to help them to finish all the work. This $32m is only given to WPX as operation cost to finish all the pre-contruction work because WPX need this money righrt away or WPX has to make another PP at a much cheaper price under the current tough market. China doesn't care this small money, they just want WPX finish all the pre-construction work as soon as possible. Next step, they will continue talking to WPX to stamp the real deal.

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