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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 Aug 17, 2022 9:47am
268 Views
Post# 34901773

RE:RE:MD&A / Financials out tonight

RE:RE:MD&A / Financials out tonightl4, there is still a bit of confussion regarding the construction completion percentages, as it was noted in 2020 that the mine was 83% complete, and now it is reported that it is 50% complete.

That is a huge difference in completion rates so it would be nice to know where the 33% completion was lost. If it is repossessed equipment and machinery, so be it, as it is no secret, Wrx went through a rough financial stretch in 2020 / 21, but it happens and if the powers that be can get this novel mine up and running, thats the main goal. 

I was under the impression though that the disposal well had already been completed, but it appears they are drilling another one so the question would be why?

Would be nice if shareholders are kept in the loop with progress updates, especially those like yourself who have been so patient for so long......................


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