RE: Conventional vs Solution Min Interesting find Jerichoj ,
couple of problems though.
you wrote " I learned a lot between conventional mining and solution mining. I think WPX should be hoping for a buy out like Potash 1. Same engineering firm, almost the same project, identical. Hopefully when the EIS comes in. It will make them a cantidate. ."
that is not what the report that you found said. A couple of glaring differences.
1st difference was that the report noted that potash1 would cost $1.1 billion less than wpx's mine.
Potash One (KCL) – Outperform (Speculative)
± Estimated price tag for 2.4 million tonne solution potash mine is C$1.9 billion.
Western Potash (WPX) – Market Perform (Speculative)
- Estimated price tag for 2 million tonne conventional potash mine is C$3.0 billion.
2nd difference is that they note that potash1's mine allows for a scaleable design( just like krn's)
and that of course as we know wpx's design does not.
Regarding potash 1 the report noted "With more scalable solution mining, KCL could opt for a smaller operation, which is easier to finance."
so as to your comment that potash1 and wpx's mines are "almost the same project, identical" I think you might be considerably wide of the mark there about $1.1 billion dollars wide. And lets not forget the attractiveness of a scaleable project that interested a certain Indian fertilizer company to sign a considerable 20 yr offtake and purchase 20% of Karnalyte.
so just to recap, potash one was a scaleable potash mine that will cost $1.1 billion dollars less than wpx's mine to build. Sounds an awful lot more similar to Karnalyte don't you think.
I would think that BHP's bloated $13 billion dollar Jansen mine was "almost the same project, identical" to wpx's if you ask me.
very hard to be retiringyoung on the information in your first post.
This report is from 2009, If anyone has acess to a up to date please post it.