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Western Resources Corp T.WRX

Alternate Symbol(s):  WTRNF

Chemicals Basic Materials
Western Resources Corp. is a resource company. The Company is mainly focused on the development of its Milestone potash project (the Milestone Project) in Canada owned by its subsidiary, Western Potash Corp. (Western Potash). The Company owns a 100% interest in the Milestone Project located in the province of Saskatchewan under various property leases. The Milestone Project includes approximately 84,557 acres of Crown held mineral leases and 65,305 acres of acquired freehold leases. The Company is constructing Phase I of the Milestone Project. The Company also invested in real estate development projects in the Greater Vancouver Area through limited partnerships. The Company completed the drilling of 11 potash exploration wells on project property, completed several hundred-line kilometers of 2D seismic study, and conducted a 3D seismic study during the project exploration program. The Company has no mineral production that yields any revenue.


TSX:WRX - Post by User

Western Resources Corp
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Comment by patntgemon Jun 05, 2017 12:36pm
127 Views
Post# 26325197

RE:RE:Re: Good News?

RE:RE:Re: Good News?

Most investment categories have cycles, I think WRX intends to diversify in such a way that when one is down, another is up and so on, generating a more consistent stream of revenue than a focus on one commodity. Surely housing in Vancouver will have it’s down cycle, but by then WRX will probably have additional investment categories in a stronger position.  I’m impressed they singled out such a high quality producer in a market with a lot of demand.

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