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

Karnalyte Resources Inc

Bullboard Posts

Post by DrWolverineon Dec 11, 2012 12:11pm

332 Views

Post# 20713350

Invest with Logic

I'm here because the risk/ reward with trading KRN right now favours Short Position. Don't care about anything else...just the facts that this market cap relative to industry peers is WAY TOO HIGH, their burn rate of current capital will increase at same time. NO financing insight because there are no buyers my friend. Even if there was a buyer or financing deal...shorts can cover THEN. Take my advice and sell this inflated pig and buy back later at much lower prices. You can buy some very nice CHRISTmas gifts with money I just saved you.

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