Western Potash Featured on Fundamental Research
Overall, we believe the proposed agreement is extremely positive for WPX. WPX was one of the only advanced stage juniors in Saskatchewan that was yet to be acquired or form an alliance with a larger partner. CNOOC’s involvement, we believe, is a tremendous vote of confidence for the Milestone project. WPX will now have the strong technical / financial backing of its partners to go out and seek additional partners for Milestone. Although the partners have the ability to fund 100% of the CAPEX, and advance Milestone to production, we believe their initial objective will be to seek additional partners to lower the risk profile of their investment.