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.

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Karnalyte Resources Inc

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Comment by tankingfrankon Dec 30, 2010 4:47pm

472 Views

Post# 17908466

RE: RE: RE: Buy

The Whitemud concept was no good from the get go. With or without them it would have gone down anyway IMO. read the prospectus and you will find out on the founders shares. Lastly agriculture definitely has a bright future but there is 200 years of potash in sask alone. BHP should be mining in 5-6 years and probably another mine in sask add that to the added production potash is putting online supply will be adequate. By going for carnalite the KCI concentration is lower meaning higher production cost. Time will tell

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