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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 oldsalt72on May 11, 2024 6:46am
290 Views
Post# 36035026

RE:SHUTDOWN

RE:SHUTDOWNVery sad news, if it is all true. They hired the "best experts", all the old "potash solution mining experts" and got bad advice. Paid them well.
But I have been trying to point out, the ideas they are promoting are wrong, now proven wrong. There is a simple way to make this work.  It would eliminate the pond, the dredge, the submerged combustion units and a lot of the pumps and wells. Just add 2 new wells and some simple crystallizers. Rethink the process. Might be done for the value of surplus equipment replaced.
Surely we can get together somehow and make this work. Demolition and site cleanup will cost millions. Far cheaper to make it work. Lets talk
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