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Bullboard - Stock Discussion Forum 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... see more

Bullboard (TSX:KRN)

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Post by highflyer57on Jun 16, 2022 5:37pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kudos to

What are the odds of hearing something positive at the AGM on Tuesday. Let's hope.
Comment by mdjbrownon Jun 14, 2022 9:19pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting

bk, the Wynyard property was originally leased for the magnesium potential, and the KCl was the added bonus. Both the mag and the KCl brine is extracted together, so a double whammy if the processing ...more  
Comment by bigkaganon Jun 14, 2022 12:51pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting

Good. I've never heard of a purely magnesium mine, it's probably being produced as a by-product of other minerals
Comment by mdjbrownon Jun 13, 2022 11:37pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting

bk, in 2017, mag testing was conducted where it was determined:  "Further confirmation will be required, in the form of a continuous scaled-up pilot test that will be performed concurrently ...more  
Comment by bigkaganon Jun 13, 2022 3:31pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting

Speaking of magnesium, do they have enough of the Mg concentration for a profitable production mine? Magnesium is the third-most-commonly-used structural metal, following iron and aluminium ...more  
Comment by mdjbrownon Jun 13, 2022 10:28am

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting

bk, GSP is a completely different animal than KRN, but are similiar in the fact that the technology both corporations are hoping to implement has not been proven viably economical in Saskatchewan yet. ...more  
Comment by bigkaganon Jun 12, 2022 7:56pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting

Well, GSP is already doing all sorts of preliminary construction there according to their latest NR. They've also raised some $280 million of credit line and as a result their market cap is at ...more  
Comment by mdjbrownon Jun 12, 2022 3:14pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting

bk, as another very astute poster here pointed out, this is not a start from scratch NI 43-101. It is a compliant update to the existing T.R., and you better hope beyond hope that the costs are not in ...more  
Comment by bigkaganon Jun 12, 2022 12:56pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting

The company wouldn't pay hundreds of thousands $$ out of their meagre cash resources for this update just for the heck of it, they definitely have some plans regarding the mine
Comment by bigkaganon Jun 11, 2022 11:15pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting

When the technical update comes out later this month they'll have to say something about what was the purpose of doing it and then the picture of the future plans could get more clear
Comment by mdjbrownon Jun 11, 2022 9:01pm

RE:RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting

hf, locking up a massive resource in a stable environment has been thought to be by many as GSFC's ultimate goal. That box has been checked, and the deposit isnt going anywhere whether it is ...more  
Post by highflyer57on Jun 11, 2022 8:01pm

RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting

With potash so high why would these guys not take on a partner. 10 percent of something is better than 100 percent of nothing.
Comment by mdjbrownon Jun 11, 2022 5:59pm

RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting the AGM

bk, GSFC can very likely stop any potential take out offer as it would require both board and shareholder approval to authorize any sale of the corporations only asset. GSFC controls both and it is ...more  
Comment by bigkaganon Jun 11, 2022 5:48pm

RE:RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting the AGM

I mean the sale of the whole KRN company and the mine will come with it, heh
Comment by bigkaganon Jun 11, 2022 2:41pm

RE:RE:RE:RE:RE:RE:Kudos to the corporation for webcasting the AGM

I think the most likely scenario here would be a sale of the mine to some big player and this is why they're doing the technical update to make it more palatable. GSFC can sabotage the mine ...more  
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