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.

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Karnalyte Resources Inc

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Comment by amhbon Apr 01, 2015 10:14am

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Post# 23586166

RE:RE:let me ask you...

A two 2. Product plant "might" deal with this. When one might not be doing well the other picks up the slack. Well maybe the elephant is something else

Magritte wrote:
rythman wrote: Would you provide 700 mil financing to a company that can't provide their financials on time and in order?

Rythman... Would you provide 700 mil financing to a company with a BFS that use @ potash price of $480/tonne? If someone use a more realistic potash price of $330 (based on industry/experts projections), the IRR is probably in the low 10%, and this doesn't take into consideration the revised potash production tax that the Saskat gov will introduce.

People are complaining about the management but nobody talks about the elephant in the room - current and projected price of potash.

New management will not have an impact on the SP unless they come with a new BFS with more realistic numbers.