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WESTERN POTASH CORP T.WPX

"Western Potash Corp is engaged in the acquisition, evaluation, and exploration of mineral properties containing potash in Western Canada. The Company holds interests in the Milestone Project located in Southern Saskatchewan."


TSX:WPX - Post by User

Bullboard Posts
Post by jonathanRdeCon Jan 25, 2013 9:27pm
221 Views
Post# 20893105

Cachetin

Cachetin

 

 

I don't get you but hey, you have the right to have your opinion.

 

What I don't get is, do you really think the world only needs the production that KRN is going to get out of the ground ? Even if KRN would have an CAPEX of a 1$...they are going to give the world only 625k in the first stage and up to 2.8M. You don't really think that the world would live on that supply alone ? You are right saying that the plan for KRN is a good one...but they can't supply the whole world with their production. There's room for others...

 

Oh yeah, the argument that the environment is not good for juniors in general. You are right then again. But you are not in a "common" junior situation like in many metals. As you know, China and India are looking for partners to skip Canpotex. Look around, Indian and Chinese company are in talks with many juniors. Even your company found and indian partner. Encanto and WPX have been in talks with Rashtria...A chinese company even signed a deal with a company that hasn't even got a FS. That's how desperate they are in finding partners. KRN found a partner, GOOD ! So every other fertiliser company in the world is going to stop looking saying something like: "F**K ! KRN is taken...i'm closing shop...."?!

 

You talk about Vale  selling it's project. Vale is having trouble just like BHP. They have choices to make and tens of other mines to run..They have to make choices and finding billions when you have financial diffculties is not an easy task. It's even better for juniors. Big project are getting halted...less potash outside canpotex available in the next years.

 

Hey ! Your right...KRN as a great situation, but the world doesn't only need KRN production...

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