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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Comment by FinalEpiphanyon Nov 07, 2013 3:24pm

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Post# 21886104

RE:RE:RE:RE:What to do but wait

I'm well aware of all these different aspects but as I said before they were no different for KRN and its peers now compared to 3 months ago and there was no discount then so there should be no basis for a discount now. The new world since July 30 is faced by all potash juniors and they mostly still trade above cash for their assets.

Also, how do you know for a fact that fund has sold out long ago? Who are they and how much have they sold? Otherwise, sorry, it's just speculation. Because all I see is BMO selling 100 share lots every day still.

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