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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

Post by jonathanRdeCon Jul 06, 2015 9:03pm
547 Views
Post# 23896772

investment thesis

investment thesisI will not start by saying we got a sweet deal with the current offering. It is low ball... What I do not believe is that our current offer is to let the project on a shelf and do nothing about it. 80 M$ is not a lot but no investment company wishes to lose money. I m putting my money on the fact that the chinese plan to start the mine with the pilot and sell to a higher bidder once the pilot is completed. The tough part is to get the mine started. A running mine is a prime target. Now we are just speculation...we are not in operation. I'm glad we now have the money to start the pilot. I know for a fact that this company will be bough whole in the futur. Whe might be surprise in the next couple of weeks to have an offer higher than the one we have on the table. Remember that now...we have the money to start operations...
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