Western Resources Corp T.WRX

So with simple math and assuming WRX was able to hot leach

[mdjbrown]

since 2019 and now, there should be 146,000 tonnes of KCl for each year of hot leaching waiting in the ponds ready to be processed.

Even with a minimum 2 years successful leaching, 292,000 tonnes at current potash prices is still a lot of revenue generation, so why is the share price trending downward as we approach the January 2024 production start up date?

The Aug 2023 presentation looks great, and with $200 million CAPEX to date, whats the hold up in share price appreciation?

https://westernresources.com/fileLibrary/publicFiles/WesternPotashInvestorPPT2023Aug-Web.pdf


Were the anticipated targets no where close to initial expectations during hot leaching? 

Something doesn't smell right so close to expected production dates!

[oldsalt72]

There is not likely to be much production until they give up on the "proven Moab" mining method. If you look atproduction at Moab , it is not obvious that any significant production has ever happened there over the past 20 years from their horizontal drilling. The 100,000 tons + or - an nual productionhas probably come from the old flooded mine. A new approach is needed . Moab doesn

[mdjbrown]

Very interesting os72 It is amazing that the actual downhole methodology would not have been perfected prior to building the 200+ million surface production facility. With Western and Beechy (Padcom) being the only companies to build caverns in the prairies in many years, I am sure valuable information can be gained from these companies. Really think all the Sask junior horizontal potash