WESTERN POTASH CORP T.WPX

Where is the mine?

[calgarytran]

Pilot project? Small scale? Can it still make a profit from current price of potash? Time is money - office rental, wages, stock options, directors' fees, etc. etc..... Like a candle burning at both ends.
You don't wait for potash price sky high then start building the mine.  As long as there's a profit to be made, it should proceed full steam ahead.  Market doesn't like just talk and no action.

[thairat]

Among those attending the meeting from Western’ management and key technical team members were, Mr. Matthew Wood - Project Director, Mr. Arthur Ma -Vice President, and Mr. Greg Vogelsang- Project Manager. Mine will be buil. As Varas told me, they are going to sell to the midwest in US at a higher price than they would get for 3mt discounted price to India or China. It will be very profitable. K+S

[Curvature]

This post has been removed in accordance with Community Policy

[calgarytran]

"It will be very profitable."   So what are they waiting for? Afterall it's only a pilot scalable mine.

[mdjbrown]

calgarytrans, besides current potash prices hurting the progress of all the greenfield potash hopefuls, a secure water source is absolutely imperative. WPX plan to use treated water from Reginas waste water facility, which is a very novel idea, however it is expected to cost $65 million I believe to build the infrastructure required from Regina to the Milestone project. Even with

[MikPrecious]

At this price, the stock is still a huge bargain. It has great amount of cash. The new owners have the capacity of financing easily. It's easily worth the money they initially put in which was .30 cents. Mind you probably more as they were doing a stock buy back for two years at. 20cent range. Engineering is complete by January. Sky is limit. Well maybe not so high.