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.

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Karnalyte Resources Inc

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Post by TimTimTimon Sep 25, 2013 1:58pm

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Post# 21766923

The Mine

Coomodites fluctuate and are always subjsct to cycles. If you can make money even at the low end of the cycle you stay in business.I have been under the impression they can build a Mine and be profitable at $ 300.00 per Ton Potash., which from all accounts should be towards the low end of this cycle. Mr Phinney has said that financing is not a problem, I am told his words are "we're golden, good to go" with respect to moving forward. When are they going to break ground?

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