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Karnalyte Resources Inc T.KRN

Alternate Symbol(s):  KRLTF

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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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Post by amhbon May 09, 2015 10:09am
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Post# 23711235

Non-Engineer determines worth of engineering project

Non-Engineer determines worth of engineering project
It is extremely bizarre that all the talk about project 'worth' is all done by non-engineers including KRN management of an engineered project.  
 
According to KPMG and KRN management the cost of $120 /tonne is not worth it.  
 
That is truly bizarre as Potash Corp., from a speech by Wayne Brownly CFO of POT; The cost per tonne is $200 all in.
 
At current prices of 350-400 /tonne you "Only" make 100%.
 
I guess KPMG will have to write down POT asset as they have agreed they are not worth anything are "BELOW" KRN value.
 
ANYBODY who states KRN assets are not worth anything IS A CROOK!!!  Including the crooks in KRN management and KPMG.
 
I would be very concern if I worked @ KPMG.  It might take a while, but I think they back the wrong horse.
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