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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Post by lotusprinceon Sep 24, 2013 9:17pm

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Post# 21764942

Potash wars and looming forecasts

Uralkali can ship potash to China on train and has significant advantage on price in Chinese markets. China likewise has invested in Uralkali and is willing to buy more of it to keep potash prices lower.

India is focussing on Belaruskali and few other juniors (to avoid geopolitical risk) and is ready to buy 20% stakes in Belaruskali and assured offtake markets for Belaruskali potash.

If indeed China and India potash is taken from Uralkali and Belaruskali where will Canpotash players sell and profit from their potash ? At this stage it appears race between uralkali and belaruskali is to the finish.

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