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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 Oct 15, 2014 3:30pm
224 Views
Post# 23031057

BEST TO RELAX!

BEST TO RELAX!
Last I checked WPX is trading at more than 3 times cash in the bank. KRN is trading at a discount to almost half of cash in the bank. KRN share price would have to increase by about a multiple of 6 to be inline. I think it will take about 5 years at current cash burn at current stock price just to be trading at cash value. I feel pretty comfortable at this rate, and have been a buyer at .79 cents. I think the best course of action for everyone is to RELAX. I know it's hard, and all the drama and silence isn't helping. However, Phinney has 4 MILLION shares, he must likely be doing something behind the scenes. The guy is a chemical engineer, not an idiot. GSFC paid over 10 TIMES current share price about a year ago, they also are not idiots and haven't forgotten about KRN either and likely have some ideas. Do we know what is going on, NO, do we know who will prevail, no, but I think once we do the price will be higher than today. With all the market chaos, the falling CAD, rising granular potash market and KRNs large cash balance, this feels like a very intersting place to be. Just my opinion, good luck to all.
Bullboard Posts