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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.


TSX:KRN - Post by User

Bullboard Posts
Post by businessenseon Jan 30, 2016 2:35pm
136 Views
Post# 24509011

Timeline

TimelineThe question may very well be will the news come this week or drag on. With the recent movement certainly tends to suggest they are not going to negotiate and more a photo op? We should know soon enough. The reemergence of our night crawlers trying to probably smear the outcome may very well be nothing more than a feeble attempt to sight insurgence and hopefully short lived. 

From a protocol point of view, I suspect and had heard that GSFC would want it to come out of India. It would be easier and makes sense considering the size of the investment for Nanda and Modi who may undoubtly want to partake. Canada's turn to go there. As for the Canadian's governments role other than a photo op, I guess we will see if related at all, but don't doubt the Indians have made different kinds of requests.
Bullboard Posts