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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

Post by amhbon Jun 06, 2013 2:33pm
207 Views
Post# 21493632

Wpx-china , krn-india

Wpx-china , krn-india


"Not sure how anyone can compare the 2 given the financials for starters...."

This is a very simple comparison:

presuming: 30% equity - 70% debt

KRN - Capex $600 Million
WPX - Capex $3,300 Million - Most likely higher at K+S level (4.1 Billion)

KRN 30% = $180 Million
WPX 30% = $990 Million = Almost a billion $

KRN $180 - $75 = $105 million needed
WPX $990 - $32 = $958 Still almost a billion dollars needed

So which one would be easier to finance? I pick KRN.

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