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 gained a second day as energy producers climbed after positive economic reports from the U.S., the country's largest trading partner, indicated economic growth is gaining momentum, outweighing declines in mining stocks. The resource-heavy benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) added 0.4 percent to 12,557.31 at 12:33 p.m. in Toronto on Friday. Nine of ten groups gained.

If you think the pain in the resource sector is over, Rick Rule will gladly give you a reality check. But, the chairman of Sprott U.S. Holdings says being brash in a bear market where there is no competition will pay off.

Curis Resources (TSE:CUV) has arranged to raise $6 million through a non-brokered private placement financing, with funds to be used to advance the development of the company's Florence copper project in Arizona, which earlier this year yielded strong economics in a prefeasibilty report. 

Iron ore explorer Afferro Mining (LON:AFF) (CVE:AFF) said talks are continuing with would-be buyer International Mining and Infrastructure Corporation (LON:IMIC) following confirmation the latter has the funds needed to launch a bid.

Largo Resources (CVE:LGO) has garnered some impressive feedback from analysts this week, with some saying the company has the potential to become a leading supplier of vanadium in the stable jurisdiction of Brazil.