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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
Post by crazytownon Apr 29, 2014 3:38pm
269 Views
Post# 22503938

Now trading about $14 MILLION below cash!!!!

Now trading about $14 MILLION below cash!!!!Project now worth minus $14 million. I truly feel for long time shareholders that paid much higher prices, if those of us who were lucky enough to start buying down here are getting frustrated, I can't imagine how people underwater $7 bucks or more must feel. We can all debate this thing ten ways to Mars, but bottom line is the share price is irrationally low and simply makes no sense. Where are all these shares for sale even coming from and why sell down here. The actual float available is tiny. At this price KRN could buy the entire float and still have more cash on hand than most juniors. Just bizare. Just my opinion, good luck to all.
Bullboard Posts