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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 Aug 08, 2024 8:52am
439 Views
Post# 36169143

RE:Perhaps its OVER

RE:Perhaps its OVERbmw, this project has been given very bad advice by"the best experts in the industry". They are sitting on an excellent ore body for selective mining. Good infrastructure, water gas, electricity and roads with an agreement for rail access. The plant has a good compaction plant and loadout, with a good hot oil heater. Need to drill a Beechy cavern and add some crystallisers (patented by BPPC) and they will be in business. The dredge, pond and submerged combustion and much of the pumping become surplus. Could be back in operation in 6 months at 150,000 tpa and monstrously profitable. Maybe 10 million  additional investment.  

Choices.


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