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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 businessenseon Jul 03, 2022 11:53am
173 Views
Post# 34798015

RE:Irony at its finest!

RE:Irony at its finest!...and what would have been the trade off?
I am certain they were not doing it in the kindness of their heart.
Technique, purity, quantity, returns, etc. 

Certainly do not have any number to say it would have been profitable and now you have a thrid party involved. We know how that has turned out in the past.

Whether they can do this without bringing in too many other player will impact shareholder dilution or control.

Only they can really say what they are thinking since no one else in management certainly appear to have been able to put out a more indepth financial rational other than seeking alternate options.

If the world does not blow itself up before, potash at these levels can certainly provide a better margin of error while getting what they have been after all along.
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