Western Resources Corp T.WRX

Alternate Symbol(s): WTRNF

Chemicals Basic Materials

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

Western Resources Corp

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Post by calgarytranon Jun 07, 2017 12:13pm

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Post# 26335768

What is WRX's strategy?

https://www.westernresources.com/news/western-resources-corp-provides-corporate-update

"The Company has also engaged independent financing experts to help secure strategic partner(s)/investor(s) who will provide sufficient funds for the construction and operation of the Milestone phase one project. The Milestone project team, and the engaged financing experts, have confidence in reaching the proposed strategic partnership."

Why not use the $30 millions in the kitty for the Milestone Phase One Potash Project instead of Formwerks? Why need to engage independent financing experts( $$$ cost) to secure sufficient funds to kickstart the Milestone pilot project? Almost everyone knows Vancouver and Toronto real estate markets are frothy and long overdue for a correction. Why dabble in real estate when WRX is supposed to focus in natural resources? Why??? So many Whys????

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