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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
Comment by businessenseon Jul 23, 2016 11:04am
164 Views
Post# 25078327

RE:RE:RE:RE:RE:question for MDJBROWN

RE:RE:RE:RE:RE:question for MDJBROWNI do not deny that the available answered are not always evident.  Got to work with the facts and when you put them all together, it isn't just about the 19.98%. You will vote on whatever gets presented. It will or will not work because of the economics and certain peoples abilities. Noting that after all the claims about building a Mg Pilot Plant by Robin, he finally confirmed he couldn't. 

The TR  used to raise the capital through SBI  are not guarantees, but pieces of the puzzle that have to all come together when ready, subject to investors appetite and deal being offered due to the economis being presented.

The vote on the deal at the next AGM along with any questions is what they prepared and about to be unveiled.  Once you get it, then you will know and take it from there. As to how complicated and why, the TR is what they use to raise the capital for eitherbpotash or Mg.  Whether you want to take note of the points raised and what this company's options are is what will move things forward or delay them further.
Bullboard Posts