RE:RE:RE:Very strong fundamentals for WPXThe following is a good article to read although it was published last year. However, it provided background information about WPX's well financed Milestone project.
https://phosphateprice.com/a-chinese-company-buys-51-percent-of-western-potash/
SuperMoney wrote: You are right. We dont need to worry about the risks like many other companies have. WPX has huge cash and excellent valuable potash project. We just need to wait for the progress/updates from the company regarding to its engineering and procurement scope of work and subsurface design indicated by the following news, which could drive the share price back to the 52 week high ($0.295) or even much higher. =============================== WESTERN POTASH AWARDS ENGINEERING AND PROCUREMENT SERVICES AGREEMENT AND SUBSURFACE WELL DESIGN AGREEMENT FOR THE MILESTONE PILOT PLANT PROJECT 21/04/2016 April 21, 2016 , Vancouver, BC Western Potash Corp. (WPX: TSX) (FSE: AHE) (the Western, the Company) is pleased to announce that its wholly owned subsidiary, Milestone Potash Corp. has awarded the Engineering Services Agreement to Amec Foster Wheeler (Amec) for the next stage engineering of the Milestone Pilot Plant Project in Saskatchewan. Also, the Agreement to provide Pilot Well Subsurface Design has been awarded to Agapito Associates Inc. (Agapito) Amec will provide a full scope of engineering and procurement services as well as a Class 3 Capital Cost Estimate in advance of Westerns Final Investment Decision to construct the Pilot Plant Project. Deliverables include process flow diagrams, site plans, specifications, data sheets and detailed drawings. Western is pleased to continue to work with Amec and the continuity provided by way of Amecs involvement in previous engineering studies for the Milestone project. Amec has extensive experience in potash projects in Saskatchewan through its involvement in nearly all potash operations in the province, and numerous other potash projects around the world. Western will benefit from Amecs relationships with potash project suppliers and vendors as well as Amecs reputation for delivery of projects on schedule and within budget with safety being paramount. These are key drivers for Western as the project moves towards development. For the underground well and cavern design, Agapito of Grand Junction, Colorado will continue its engineering and design work following on from its involvement in the delivery of the Scoping Study for a Pilot Plant Scale Selective Solution Mining Operation dated July 2015. Agapitos design work will include well trajectory, well structure, cavern layout and a production schedule for the twelve-year life of mine. Agapito brings unparalleled experience in consulting management services in solution mining of potash in Saskatchewan and the United States. The engineering and procurement scope of work and subsurface design is anticipated to complete in approximately eight months.
Steve888 wrote: Yes. Another good thing is WPX has no any debts and liabilities. All assets and cash are net properties for WPX.
SuperMoney wrote:
WPX has +$83 million cash/working capital and excellent potash assets. The share price is under its cash value right now. By considering its valuable potash assets, the share should be worth much more than $0.16. Please see the companys March 2016 presentation: https://www.westernpotash.com/sites/default/files/march_2016_pdac.pdf