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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 rackieon Jul 03, 2015 11:21am
539 Views
Post# 23889581

Simple Math

Simple MathCAPEX 81 Mil on the new plan. Today's Market Cap at $0.30 is 68 mil. 
For the low price of 149 mil (company market cap and Capex of the solution mine) you get 22 million net dollars per year of delicious potash. You also get to leverage RIO (ie keep them out of town) because you own prime spots in their wheelhouse. AND you get to scale your own operations up in the future.  Oh, and the water source has been secured in a politically friendly enviroment.
I wonder what that would be worth to POT.T? Seeing as they are willing to spend like drunken sailors on strategic threats recently, you would think this has got to be on their radar.
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