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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. It is focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. The Company owns the construction ready Wynyard Potash Project, with planned phase I production of 625,000 tonnes per year (TPY) of high-grade granular potash, and two subsequent phases of 750,000 TPY each, taking total production up to 2.125 million TPY. The Company is also exploring the development of the Proteos Nitrogen Project, which is a proposed small scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day (MTPD) of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.


TSX:KRN - Post by User

Comment by Smalliguyon Jan 06, 2022 12:09pm
212 Views
Post# 34289382

RE:RE:RE:Who is buying?

RE:RE:RE:Who is buying?Supply and Demand works with junior stocks as well.  Not in the traditional sense where you have a product and where the supply and demand rules come into play.

With junior mining stocks, if the commodity (in this case potash) is going through the roof than the junior mining companies start to look good as everyone thinks they will be the next to develop a mine.

Within the community of junior mining stock buyers, then the junior companies, in this case KRN start to look good because the commodity price is increasing, even though they are a non producing entity.
So supply and demand works at that level as well. Hope that clarifies.
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