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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 Jan 28, 2015 12:37pm
256 Views
Post# 23372719

RE:RE:Light at the end of the tunnel, no wait, that's a cand

RE:RE:Light at the end of the tunnel, no wait, that's a cand
Dude, if, and I say if they actually got the entire loan of 700 million without an equity portion, with reasonable terms, the share price would probably be over twenty bucks by lunch with the news. In addition, any equity portion if there was one would have to at least be issued above cash value, and likely well above the options these characters granted themselves. So if they can pull a rabbit out of a hat it may save them cus even Phinney would be happy. If not then Phinney will be back in and again the share price should rise on that news. In my opinion, anyone buying here is in a win win and at worst probably in for a double at worst to maybe a twenty five bagger at best with extremely limited downside. Why be so stressed. Just my opinion, good luck to all.
Bullboard Posts