WESTERN POTASH CORP T.WPX

KP405

[MissingA9]

does WPX still "own" part of KP405 property?  Could Rio Tinto be in the process of taking over WPX or entering into some sort of joint venture with WPX?

[juniordeepvalue]

Yes, WPX still own some claims part of the KP405 propery.

[MissingA9]

thanks.  that is fantastic news.  maybe rio tinto going to partner with WPX?  I doubt the Chinese would want a buyout unless they get guaranteed offtake for a long time.  We will see I guess.

[bmw4ever]

Its gonna be a mess if Rio tinto gets involved, the chineese have their game plan of the Future of WPX,  WPX is 67% owned by Chineese  SOE.   They have their own Experience team  and Rio tinto at this point is Useless.  Not unless they want to buyout the Entire WPX for $1.60 per share

[thairat]

I could foresee Western could buy into the Rio/Acron project if Rio makes a reasonable price. Chinese and Russian can work together.