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Western Resources Corp T.WRX

Alternate Symbol(s):  WTRNF

Western Resources Corp. is a Canada-based 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 Milestone Project is located approximately 35 kilometers southeast of Regina in Saskatchewan, Canada. The project includes approximately 84,557 acres of Crown held Mineral Leases and approximately 65,305 acres of acquired Freehold Leases. The Milestone Project is constructing Phase I of a potash mine. 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 exploration program. The Company has no mineral production that yields any revenue.


TSX:WRX - Post by User

Comment by mdjbrownon May 22, 2024 10:57am
338 Views
Post# 36051919

RE:RE:Nothing to get excited about

RE:RE:Nothing to get excited aboutUnfortunately W8SST, according the the corporation that is 93% complete for the current plan 

"The project is approximately 93 per cent complete in the existing plan"

Clearly their downhole expectations have not materialized as expected, and they are likely massaging their downhole science. 

It is crystal clear trying to mimic Intrepids mining methodology is not working, so they need to steer away from the norm if they hope to operate an economically viable horizontal selective solution potash mine in Saskatchewan. 

There are some brilliant scientific minds out there, so its about time they start looking outside the box for solutions as far to much money has been spent to end up failing.
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