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 rythmanon May 19, 2015 6:43pm

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Post# 23742483

RE:RE:RE:RE:RE:Financials telling shareholders all you need to know

No it wouldn't generate more interest, probably less due to lower US rates, what it would do though is reduce the actual dollars in savings by the exchange rate at the time of the transfer. ie for every cdn dollar we might only show .90US. If the cdn currency goes down from the date of transfer we wouldn't see any change unless the funds were quoted in CDN. dollars. Karnalyte wouldn't get a gain until they convert back to cdn.jmho

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