RE: RE: Date not yet set for vote on Potash mine
Srpat said that he is------"Just trying to clarify a few things for people."
He said-------"The
vote to go ahead with the mine may or may not happen within 45 days."
Let me clarify a misconception specifically regarding part of that line --- vote to go ahead with the mine---.
The vote you are referring to is entirely in regard to
the Treaty Land Entitlement ("TLE") Reserve lands with15,500 acres contiguous to the Home Reserve.
The Company's Muskowekwan project situated ontheMuskowekwan First Nation ("MFN") Home Reserve with 16,831 acres hasthe green light enabling them to proceed with the PEA and feasibility studies already underway in reference to a future mine.
The native vote yet to be passed does not stand in the way at the Muskowekwan project.
The Native vote in favor of , that will allow the additional TLE 15,500contiguous acres to the Home Reserve that is allowed to mine , could bringEncanto in line similar to Western Potash's holdings and at muchshallower depths than WP.
Encanto with the ok'd for mining Home Reserve not yet in combinationwith TLE Reserve lands equals at this time close to one half theresources of Western Potash. With WP sitting at a $1.33 , Encanto iswell undervalued at .36
Should we be sitting in around the .60 cent range?
We should be !
CASE IN POINT : WE HAVE THE GREEN LIGHT FOR A POTASH MINE ON BETTER THAN HALF OF OUR LAND NOW.
We currently await the outcome of the vote on the contiguous other half.