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 rythmanon May 22, 2014 12:24pm

161 Views

Post# 22587774

RE:KRN overly punished

good Post, hard to believe, but what a disaster. I am waiting here to buy 10,000 shares. I have no idea at what price I will get them but it's looking better every day. I am worried about thier 5 mil cash burn a year but otherwise its a wait and see situation. Apparently all the parties involved are in no hurry to move things along in this sorry market for potash juniors. rythamn

Bullboard Posts

BMO launches enhanced platform with tools for options trading