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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

Bullboard Posts
Comment by kingplaya4on Oct 15, 2011 9:07am
424 Views
Post# 19152459

RE: RE: RE: RE: RE: good potash play

RE: RE: RE: RE: RE: good potash playThanks Dave. It's always good to talk to someone with a bit of credibility on here who doesn't go around trolling. You gave me some good phosphate names one of which I'd never heard of, so thanks a lot. ICP sounds like one of the most promising to me because of the SOP and the high pot percentage, but their project seems a bit far off to put money into yet. Still waiting for Karnalyte to go under 15 to get a good entry point, but if things don't go down soon may just bite the bullet and buy in anyways.

I have a new position in Rodinia Lithium which will also get potash if their project ends up coming online. People on here may want to take a look at it, their market cap right now is about the same as their cash. I would say a high risk high reward type play, but their resources looks good.

One last question if you don't mind- why no Verde for you? They look like they have several options to become profitable. (Thermopotash, limestone mining, possible phosphates, possible conventional potash)

Thanks,

David
Bullboard Posts