Western Potash Corp. (WPX.TO) today announced the receipt of a
positive Feasibility Study from AMEC Americas Limited on the
Companyâs 100% owned Milestone property in southern Saskatchewan.
The Study confirms that the asset is of sufficient size and grade
to support primary and secondary potash solution mining for more
than forty years at an ultimate production rate of 2.8Mt/yr. The
Study included detailed CAPEX and OPEX estimates with a production
start up in 2016.
The Study reports that the resulting after-tax project Net
Present Value (
) is $2.44 billion, with an Internal Rate of Return (
) of 18.6 % assuming a nominal discount rate of 10%. On a before
tax basis, the Project yields an NPV of $3.6 billion and an IRR of
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