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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 May 23, 2014 12:28pm
272 Views
Post# 22592601

RE:RE:RE:RW:Conference call Sounded Good!

RE:RE:RE:RW:Conference call Sounded Good!
Reading between the lines I personally got the impression that things could happen at any moment. It seems likely that the only way Robyn could have been removed was if GSFC wanted it. In the call they reference that GSFC is making introductions to other potential partners and Modi's potential impact. They also reference that they will likely be producing well ahead of other projects, suggesting a shorter time line. Since GSFC seems to want KRN to go to production, perhaps they have a deal in mind already that was Robyn was not willing to go for. This deal may not be what those who bought in at $8 - $17 would like to see, but it may offer incredible upside for those buying in TODAY! Just my opinion, good luck to all.
Bullboard Posts