WESTERN POTASH CORP T.WPX

Will WPX price gap up?

[calgarytran]

Like KRN from 75 cts to $3 (4-fold  increase), if WPX starts its mine construction.

[cyanide5]

Not necessarily. I have been out of juniors since 2012 and took a huge haircut on my portfolio. I owned wpx at a time but sold out. I bought in recently at current prices given the fact that most resource stocks have taken a huge hit in last 5 years since 2011 peaks. Hoping for an uptrend here as things cant get much worse. Upwards from here IMO.  Cannot compare to krn though as they have an

[SaskKcl]

WPX also has an offtake agreement for 1 million tonnes with China Blue Chemical...the first investor in the project

[bmw4ever]

I think China Development Bank is going to offer money to the Project to make it a little bigger than 146,000 tonnes of potash , some where like 750,000 tonnes, would be ideal. why get involved in a bank just for the hell of it. can someone explain why get China Development bank on this. Any Idea ?

[thairat]

You are probanly right. As soon as Western proofs the pilot can deliver cheap potash, they will lend money at CDB to raise the target to 750K or 1 million tonnes a year. 

[cyanide5]

What matters most right now is that potash prices need to stop the decline and strengthen a little. They are  285 right now if i am correct. It will start getting interest when prices are 325+. The down trend needs to stop. The world needs food. We know that!! But supply side needs to balance with demand and quickly. 

[Poggyg]

I agree comma with the supply side so discombobulated it's difficult to see any agreement on pricing. I'm not sure I can wait around any longer for this to make me some money as my family are part of that hungry world!.