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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 HermanMonsteron Apr 21, 2022 5:38pm
202 Views
Post# 34621996

RE:Thank you and good luck!

RE:Thank you and good luck! Good on you Ernie, take profit and bank it while you can. There is potential, but any successful business almost always has good people and a little luck. I don’t think the people form India have any clue how to do business in Canada. My guess is the off take is probably bad for the viability of the company, the CEO is a self-proclaimed diversity candidate with a bad track record, hand picked by the GFSC, best guess is she is just a yes person to GFSC.  I don’t know of any successful companies off the top of my head started by bean counters, they are usually the ones trying punch holes in the business plan. No risk no reward, they usually want it 100% fire proof and vetted by third parties to take the blame if it falls apart. No company can get up and going under that type of management. Only way forward is to get rid of GFSC’s strangle hold of this company, get rid of the off take, get rid of all the board and the diversity candidate in management. Have to move quick before the cycle turns.

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