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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 amhbon Aug 13, 2012 10:22am
205 Views
Post# 20210671

RE: India make me nervous

RE: India make me nervous

As far as I understand from the presentation from the company it has never been all or nothing, 

A little bit of this and little bit of that (debt and equity and off take and ....)  That is how you run a company. never put all you eegs in one basket.  Because you never know when something gets thrown at you ( BCSC fiasco, That only ended up getting a BIGGER and BETTER 43-101)  How many companies can do that with out tripping on their feet? 

Bill Doyle is VERY aware of Karnalyte and despite his public voice is VERY well aware that Karnalyte can build a plant in 2 years.  He is not stupid,  he is trying to protect his company.  @ 3 million a year  in 10 years they will run out of money. 

Every body is waiting for the EIS.  It has been submitted and ALL companies/parties are waiting for the approval.  This is called due diligence that repectable companies rely on.  Governments work at their own pace for the protection of, in this case, the people of Sask. 

Bullboard Posts