Karnalyte Resources Inc T.KRN

Alternate Symbol(s): KRLTF

Karnalyte Resources Inc. is a Canada-based development stage company. The Company is engaged in the exploration and development of its property and possible construction of a production facility and development of a potash mine. The property is situated in Saskatchewan, south of Wynyard and contains a dominant zone of potash and magnesium minerals. Its Wynyard Potash Project is a Carnallite/Sylvinite solution mining project in central Saskatchewan. It has a 100% interest in KLSA 010, KL 247A, and KL 246 mineral leases comprising approximately 367 square kilometers (km2) (90,766 acres) of mineral rights. It also owns around 4,100 acres of surface land. The project is located approximately 190 km east of Saskatoon, SK, or 176 km north of Regina, SK. It is also exploring the development of the Proteos Nitrogen Project. The Proteos Nitrogen Project is an advanced stage development project consisting of a proposed small-scale nitrogen fertilizer plant to be located in Central Saskatchewan.

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Karnalyte Resources Inc

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Comment by truespeculator07on Aug 28, 2013 4:34pm

218 Views

Post# 21704447

RE:RE:RE:BMO still at it.

Your assumption is that the company is holding 56m cash so the stock can't trade at 30m market cap. Thats not the way I see it. I have seen companies trading below the book value in the past. This is a bear market for commodities and it has not turned yet so anything can happen. I have no price prediction to make but I know the following. The bear market always ignores rationality and good news and bull market always ignores irrationality and bad news and until you are in this territory anything can happen.

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