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

Comment by AndyCMCon Mar 10, 2014 10:18am

164 Views

Post# 22302022

RE:RE:RE:KRN is up 6.9% in Frankfurt

I really like the prospects of this company, only needing $150mil to be up and running, far less than a company like WPX. If the delay in financing is waiting for potash prices to go up and KRN's stock price to go up to avoid dilution in financing, we could be waiting a while. Not sure if I'd prefer the certainty of dilution and finance now (or soon) or just the possibility of this company producing in the uncertain future...

If prices hint at the prospects of rising I think we'll see a very nice jump here.

Bullboard Posts

First Nations contributions attract investor interest