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Bullboard - Stock Discussion Forum 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 Discussion

WESTERN POTASH CORP > Western Potash actual mining dates
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Post by cheynethemachine on Nov 23, 2013 11:44am

Western Potash actual mining dates

Hey just doing some DD on this company.  Thay look like they are still in exploration mode, does anyone know when they will (or plan on) actually making some money and starting to become profitable?

At 38 cents a share, the market must be really discounting this company and may be looking at it actually not becoming profitable at all.  I am interested in the book value on this company as well, anyone know that.  I have not been able to find a good calculation on it.

Thanks
Andrew
Comment by jonathanRdeC on Nov 23, 2013 12:02pm
Well my friend, book value does not apply to junior mining stock. They have nothing. For your other question, Junior's are beaten all around. Some will fail and some will triumph. It's a game of faith right now.
Comment by woundedknee on Nov 25, 2013 12:50pm
They everything in a nice neat package...all they need is someone with three or four billion to chuck in the kitty and they're away.
Comment by thairat on Nov 25, 2013 1:24pm
The package needed is even lesser: "This could mean that WPX would only need $750 million USD to fully finance the mine construction." Sven Olsson Getting to the bottom of the Western Potash and CNOOC deal Sven Olsson - Zimtu Capital Corp. | June 13, 2013 Zimtu Capital Corp. (TSX.V: ZC) has appreciated over 30% in the last couple of days and certainly one of the drivers ...more  
Comment by iwh0 on Nov 26, 2013 10:14am
Yeah .... 32M $ deal @ .71 Canadian Investing @ wrong company and wrong time 50% lost after 6 months of investing ... I thought that Chinese would not jump into this kind of company.
Comment by thairat on Nov 26, 2013 10:49am
Milestone will last more than 100 years . Western Potash - "Along with China Blue, we focus on the financing of Milestone" October 8th, 2013 The Canadian Western Potash (WKN A0QZLM) drives the development of their Kaliprojekts Milestone in ...more  
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