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Western Resources Corp T.WRX

Alternate Symbol(s):  WTRNF

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

Comment by mdjbrownon Oct 01, 2021 9:44am
287 Views
Post# 33951584

RE:Now that the CFO is released

RE:Now that the CFO is releasedBmw, with potash prices continuing to rise, it would be great to get an update from the company on their operational standing.

Even the brine solution currently sitting in the evaporation ponds must be worth something at todays prices, and if the Milestone production costs are the lowest on the planet, that should spell dollar signs. 

If they already have the dredge from Amsterdam in hand, are they using it, as the company has not stated the ownership of a dredge so far.

Interesting that Intrepid adds copper sulfate to their ponds to increase evaporation rates, and to prevent bacterial and algai from growing

Wonder if Western has employed that technique as well.

 
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