Western Resources Corp T.WRX

Alternate Symbol(s): WTRNF

Chemicals Chemicals

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.

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Western Resources Corp

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Post by calgaryfineon Aug 13, 2020 10:09pm

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Post# 31406513

Why the project delay?

Money not enough? Why earlier raised funds and dilute WRX, and put in Vancouver real estate?
Why a potash company dabble in real estate? Why a Mickey Mouse potash pilot project, with 100% uptake of production, can't even complete? Why it takes WRX(WPX) so long to start a potash mine? Why when it almost finished a teeny weeny pilot project, it suddenly stopped?

So many whys....................why?...why?...why?.....

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