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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 Oilytraderon Jul 26, 2016 1:32pm
250 Views
Post# 25085408

Price reaction if project is approved as communicated?

Price reaction if project is approved as communicated?There has been a lot of conjecture on this board over the past couple months. The muzzle order on the management has been extensive, and its been effective... Too me though, that's a very telling signal as well... Lets assume that the Agreement in Principle proceeds as described in the announcements in March, 2016. Most people are skeptical by nature, me included, but this deal looks solid. I've vetted the terms with some very experienced bankers and the Agreement in Principle has all the bases covered... So lets say im a bit more than cautiously optimistic. More positioned, than purely optimistic. So, with that disclaimer, I guess im curious where other investors peg this stock once a definitive agreement is announced? Myself, I see this as a $6-8 stock by end of 2016, and $14-16 by 2019 as a base case. Most of my valuation comes from limited dilution due to Preferred Share offering, and rights allocation to existing shareholders, the remaining is priced to Debt. The big bonus obviously is having Capital Costs and expenses in CAD, versus International sales values pegged off USD. Anyone else willing to share their forecasts, price targets? Oily.
Bullboard Posts