Fundamental's analyst, Nicole Engbert, notes that the feasibility study for Western Potash's Milestone project showed attractive economics, and that the company is ready to seek a partner. 

Western Potash Corp. (TSE:WPX) (FSE:AHE) has announced the highly anticipated feasibility study on its Milestone potash property in southern Saskatchewan, eliminating all the technical risks on the project and giving it enough reserves and resources to "potentially mine into the next century".

The Proactive Investors One2One forum provides direct access to the bosses of some of the nation’s most dynamic growth companies. This time - we will be taking a look at Western Potash (TSE:WPX), who is on the verge of constructing a potash solution mine in Saskatchewan.

The Milestone project is due to come online in 2016, with strong projected economics. A preliminary assessment of economics done by AMEC, assuming a discounted rate of 10 per cent, showed the resulting project net present value is C$4.14 billion, while the internal rate of return is 22.7 per cent.

Western Potash Corp. (TSE:WPX)(FSE:AHE) said on Wednesday that it was talking about a joint venture with India’s Rashtriya Chemicals and Fertilizers among others, Reuters reported.

Canadian shares declined for a second day, led by miners, as gold fell for the third time in four days. The commodity-heavy Standard & Poor’s/TSX Composite Index (TSE:OSPTX) slid 0.2 percent to 12,633.81 at 12:38 p.m. in Toronto on Friday. The 237-member gauge has gained 1.6 percent this month. The materials subindex, which includes mining shares, fell 0.7 percent. The energy subindex slipped 0.4 percent as oil dropped for a fourth day, while financials, the most heavily-weighted group, slid 0.2 percent.

BRP plans to sell 12.2 million shares for C$21.50 each, the Valcourt, Quebec-based company said in a statement on Wednesday. Based on that price, the company’s market capitalization will be about C$2.5-billion. The IPO is Canada's largest since Hudson's Bay Co. (TSE:HBC), the country's oldest company, raised $365 million in November. 

Treasury Metals (TSE:TML) has unveiled additional drill results from its Goliath gold project in northwestern Ontario, with results showing near-surface intersections as high as 4.18 grams per tonne (g/t) gold. 

Largo Resources (CVE:LGO) is on path to becoming the lowest cost producer of vanadium in the world from a primary source, according to CEO Mark Brennan, with the company's Maracás project in Brazil on pace for commissioning in the fourth quarter.