Email to WPX positive results due...I emailed WPX today and a VP responded promptly. He makes some good points. Let's not lose sight of what this company is about, Potash. Also remember that results will be due out within the next few months. Please read below FYI.
Hello ***
We are all concerned about the share price. We have basically removed the oil and gas optionality from the stock price that was added in upon the Feb 17 NR. We felt that the report received from the petro geologist would be considered “material” and were in compliance by releasing his statements. In addition, once we received the results of the study we had to make them public. We believe we are releasing “negative “ news before “positive “ news. The results of our Upgraded Mineral Resource Calculation is forthcoming. This will be positive news and we will be able to make a statement about “mine life span” based on an enhanced Measured and Indicated resource base. So we do agree on this point.
On the heels of that, we will release our Scoping Study which will quantify the impact that the heat anomaly has on lowering the cost of production. Potash is a commodity and low cost production is critical as an ultimate investment criteria for a future operator. More positive news.
The fundamentals of potash have not changed. Commodity analysts are predicting potash pricing to rise over the next 5 years due to the supply–demand imbalance .There are over 150 countries that use potash as a major agricultural component. The one thing I know for sure is that the stock market will fluctuate. We believe we are developing a robust economic model and an efficient mine plan as we focus in on our Milestone SK. project. Of course we could use better overall market conditions.
I appreciate your comments and look forward to your feedback.
John Costigan
VP Corporate Development
Western Potash Corp.
701 West Georgia St. V7Y 1C6
https://www.westernpotash.com
C: 778 772 9565
P: 604 689 9378
