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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 Feb 09, 2015 12:24am
179 Views
Post# 23409549

RE:RE:RE:RE:Clarification needed

RE:RE:RE:RE:Clarification needed
The technology is proven, it is a simple solution mining operation. The pilot plant is meant to help optimize the operating parameters and the financing is not and has never been contingent on it. "A further recommendation of a Pilot Testing Facility at an additional cost of $2 - 3 million is made in order to obtain detailed operational experience for the future brine field and provide the proper controls of production brine composition." It is about fine tuning the operation, and can be done well after financing and major construction has begun. I am not sure why you have chosen to focus on this so intensely and are making it into a key issue. The project is shovel ready, the technology has been proven long ago, it is all about the financing now and what the terms will be and who will benefit the most from those terms. The battle here is over a VIABLE, and SHOVEL READY, project. Solution mining an insanely continuous, huge, and consistent ore body is not complex or a new technology. The fight right now is who will benefit the most when it does go into production. Make no mistake there is plenty of money to be made here, the fight is about how much will be made and by who. Just my opinion, good luck to all.
Bullboard Posts