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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 Nov 22, 2021 10:08am
207 Views
Post# 34152491

RE:RE:RE:Receives Key Findings of Updated NI 43-101 Report

RE:RE:RE:Receives Key Findings of Updated NI 43-101 ReportInteresting perspective Joedeen

Would be interesting to here your take on the amount of capital you think Wrx needs to resume operations, and the proceeds you expect required above the real estate sales.

Also the time it will take to optimize the down hole tech to improve KCl concentrations.

It is hard to fathom that a cash up front policy wont be in place by contractors to finish the remaining construction, considering the current creditor situation.

I did find the difference in completion percentages reported interesting as it would appear a 5% discrepancy has been found.  Possibly in the down hole optimization.:

November 19, 2021 "Currently, the total Phase I Project is approximately 78% complete (including engineering, procurement, infrastructure and construction) and awaiting final financing to finish."

"May 14, 2020  The Phase 1 Project is already 83% complete in the overall status.|

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