NPK Brutally undervalued CF upstart producerWRX with a market cap of $125 million and debt of $80 million will soon begin potash production at 146000 tons per year which is about $700 per produced ton of potash .
NPK is now projecting up to 1.2 million tons of potash this year which should value it at about $840 million market cap based on WRX valuation .
Besides that, NPK has billions of tons of potash resources
And that excludes the even more valuable CO2 credits..
WESTERN POTASH RECEIVES MINISTERIAL APPROVAL OF MINE LIFE EXTENSION TO 40 YEARS
Western Resources Corp.'s wholly owned Western Potash Corp. has received approval of the Ministry of Environment to extend the mine life of the Milestone potash phase 1 project to 40 years.
The project is designed as a selective solution mine which, in contrast with traditional potash mining and solution mining, is expected not to produce salt tailings on surface, thereby substantially reducing the environmental impact. The construction of the project was kicked off in June, 2019, with an anticipated production 146,000 metric tonnes per year and mine life as 12 years. As the project progressed, Western applied for an extension of the mine life to 40 years, as resource reviews supported this change.