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

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Post by crazytownon May 26, 2014 2:11pm

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Post# 22598718

RE:For 640 million you get one million tpy with AAA:

AAA has about 350 million shares outstanding while KRN has about 27 million shares outstanding. KRN has more cash in bank than AAA. KRN is trading way below cash in the bank, AAA is trading way above cash in the bank. KRN in safe jurisdiction, AAA good luck. KRN has 300 million debt facility already, AAA does not. Etc. etc. etc. KRN is by far the most advanced and the best value right now as far as juniors go. Just my opinion, good luck to all.

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