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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 businessenseon Jun 28, 2013 10:33am
168 Views
Post# 21579162

RE:Scotia: Sector Outperform and $12.50 target-|June 14 2013

RE:Scotia: Sector Outperform and $12.50 target-|June 14 2013True, but the question that remains unanswered is: " where is the rest of the money coming from?" Despite all the other achievement, until this question is adequately answered the stock will continue be under pressure given a 4 month timeframe mentioned at the Shareholders meeting. In addition, comments from Robin like" all they can do  is hope/wait" or something like that, is not what the market needs to hear. Uncertainty stimulates fear and the market reacts accordingly given that this is taking longer than initially expressed. Not surprising.
Bullboard Posts