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

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Comment by tankingfrankon Sep 24, 2013 10:51am

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Post# 21762936

RE:"Exiting the cartel never made sense"

like i have said from the day after the announcement .. they will go back to the cartel system back in the 90's potash sucked.. no margin, heck potash corp was losing money for the goverment of sask so they sold it..
What i am dissappointed about is that KRN is trading at cash.. giving no value for the project it should be trading near 4 if you do a peer evaluation..

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