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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 thairaton Apr 21, 2014 12:27pm
580 Views
Post# 22472751

The next thing to fund Wpx to production or take them over

The next thing to fund Wpx to production or take them over
"The next thing to fund them to production or take them over."
Western Potash TSX:WPX began with a group who saw opportunity in the fertilizer market but needed money to acquire their first project in Manitoba. “So Zimtu wrote a seed check for around $200,000, others came in and about a year later it IPO’d for $20 million at a dollar,” he says. “The first project didn’t get the results they wanted, but then they moved into Saskatchewan. They’ve taken their Milestone potash project all the way to full feasibility. It’s fully permitted and they’ve brought on CBC (Canada) Holding Corp as an equity and offtake partner. Western’s board and team have evolved as the company has developed. Western operates independently but we collaborate a lot. The company’s been about as successful as you can get—the next thing they need to be ultimately successful is to have someone fund them to production or take them over.”
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