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Western Resources Corp T.WRX

Alternate Symbol(s):  WTRNF

Western Resources Corp. is a Canada-based resource company. The Company is mainly focused on the development of its Milestone potash project (the Milestone Project) in Canada owned by its subsidiary, Western Potash Corp. (Western Potash). The Milestone Project is located approximately 35 kilometers southeast of Regina in Saskatchewan, Canada. The project includes approximately 84,557 acres of Crown held Mineral Leases and approximately 65,305 acres of acquired Freehold Leases. The Milestone Project is constructing Phase I of a potash mine. The Company completed the drilling of 11 potash exploration wells on project property, completed several hundred-line kilometers of 2D seismic study, and conducted a 3D seismic study during the exploration program. The Company has no mineral production that yields any revenue.


TSX:WRX - Post by User

Bullboard Posts
Post by mo1975on Apr 21, 2017 5:05pm
358 Views
Post# 26151108

new direction for the future

new direction for the futureseems that a lot of junior mining companies are going to go that way with price of commodities low it is very risking to invest 100 of millions to develop and operate a mine where as the demand and supply is already leveled... so a pilot project..confirms the technology and keeps you in position when the commodities demand rise up... this is not just in potash but if you look into NOU you will see they are going that route also a small pilot plant producing 1000 tons of graphene that they will sell to research and specialize companies while they complete their FS and await the great projected demand for graphite..... small cost keep the company positioned...i think that is great...

by the way  i know the sh is low but  for everyone selling there is one buying  and i do not see an increase in insider ownership????
Bullboard Posts