Mining Weekly reported that shares of Western Potash Corp (TSX:WPX) rose on the company’s announcement of pre-feasibility study results.

As quoted in the market news:

The news sent the Vancouver-based firm’s shares 4.6% higher on the TSX to end the trading session at C$1.37 apiece. Western Potash CEO Patricio Varas said the study confirmed Milestone offered a “compelling opportunity”. According to the study, construction on the project would start in 2013, with first output three years later. The payback period was five years.

Click here to read the full Mining Weekly report.

Click here for the Western Potash (TSX:WPX) profile.