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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 21, 2012 3:12pm
173 Views
Post# 20243173

RE: What's holding up Environmental Approval?

RE: What's holding up Environmental Approval?

As any reasonable person understands that Governments works at their own pace. 

The Aquifer they are using is approximate 1/2 mile below the surface.   I am unaware of ANY farmer that has a well that deep!  

UNLIKE  ALL the current and potential future potash producers.  ZERO surface or shallow  fresh water is used other than start up.  And even that is miniscule.

They use "Brackish water"  Slightly salty water.  The Governments rates for using this water

.00! 

ALL the plant designs are by government requirement is to contain ALL water flows including rain water!  It the engineers that determine the government regulations that have to be followed.  They are in constant contact with the government.  That is part of the producing a 43-101 feasibility study.  You can not have cost that can potentially hurt you as a company hidden.  That would ruin the reputations of 2 world class engineering firms.  Unless there have specific data that can stand up in a court of law this is a red hearing..

There is no "real concerns" 

I do have a concern but it has NOTHING to do with Karnalyte, it has to do with "certain people" that throw "red hearings" around when convenient to push the stock price down.

Bullboard Posts