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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Comment by amhbon Jan 03, 2015 5:55pm

327 Views

Post# 23282942

RE:RE:ASAP Mr Phinney Please

Lastman might be right to question that statement 'important developments at Karnalyte that have not been publicly disclosed'.

It might have been answered in the KRN news release. ASC and IROC both read all these news releases. Maybe KRN did get their hands slapped by ASC/IROC and had to come clean about what they were saying. They were talking about a $700 million.

I do not care which side the shareholders are on, because @ $700 Million that means my stock will be at least $30-40 a share. Who cares who is right?

Show me the money!!

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