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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 Sep 20, 2023 12:29pm
125 Views
Post# 35645565

RE:RE:RE:not sure whats up with the share price

RE:RE:RE:not sure whats up with the share pricebmw, the type of novel cavern construction Western is relying on has never been accomplished before.

The mining technique used by Intrepid in Utah is a different animal in the sense that their project was once an operating conventionial underground mine that eventually flooded out. This technique Western is currently attempting is horizontally mining through a thin high grade seam of KCl.

Similiar to running a straw through a piece of strawberry short cake, where only the strawberry filling is being extracted without contacting any other parts of the cake.

If they do, the processing becomes a much bigger process similiar to a convential solution mine like Belle Plaine or Bethune, but on a much smaller scale.





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