WESTERN POTASH CORP T.WPX

Re,Re: mineral rights

[northmark]

In my opinion Reo has such a large deposit that they could navigate around the areas held by Western. To call this a "blunder" on Reos' part is a bit exagerated.
I had shares in Potash One before it was sold and Western is very similar.
The real advantage here for Reo is if they bought out Western  they could combine the proprties.
This would eliminate any and all problems associated with initiating a proposed mine as they could just start building at Westerns' "milestone" site.
I believe that both sites are going to be solution mines anyway.
It would cost Reo maybe $400M but they end up with an aproved mine site and a massive resource
which at 3-4 million tons a year could last 100 years.

[theinvstore]

Believe same.... Just to overstate the obvious.... the same solution mining technique being used. Rather than build two separate mines at a cost of +$3B each you could build a single solutoin mining plant and process all through the single plant. This is a cost savings of at least $3B+ and you get more resource for longer mine life. Alternatively - there is also the potential to partner with Rio

[Cacheitup]

Its far more believable that RIO comes in. How is Rashtriya  going to come up with $1 Billion to invest in Wpx? Their market cap is only around $400 million and they have approx $100-$150m in cash. Presumably they need a large amount of that cash balance to fund the day to day running of the business. The other question would be, why would anyone spend $1 Billion to buy 40% of  a