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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

Comment by TRUBLVRon Aug 07, 2020 5:04pm
273 Views
Post# 31381157

RE:What is really going on?

RE:What is really going on?It is really nice to see the share price bump, unfortunately most of us are still way underwater. 

My question:
What happens when the $6.4 million runs out?  Is it another share offering?
At what price or does GSFC take over the asset, 

The dreams of a nitrogen plant are scary, years down the road.  Its tough for a small nitrogen player to compete with the big operators, such as Nutrien, CF and Yara. 
Nitrogen is a commodity, that is easily manufactured worldwide and shipped on cheap ocean freight.      

Why are other potash plants being built in Sask with the low pricing? Very similar assets being developed. 
 
There is value in the Magnesium, but the main product to sell is the low salt Potash.  Get back to the original plan,  Its time to advance the Potash plant, 

The CSG is wasting time and KRN cash,   

Just my opinion
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