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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
Comment by businessenseon Oct 01, 2015 10:44am
233 Views
Post# 24153163

RE:RE:RE:RE:38%

RE:RE:RE:RE:38%The press release demonstrates that they have a lot of details to work out and getting a little ahead of themselves. Kind of a bid to shakes things up to be on record shooting form the hip. 

Now that they have an interest, they want an answer. Good for us as it will hopefully bring what GSFC is working on to a head. From comments made so far, it could have less dilutions and control. Will Braich be happy at 20%? Don't believe Robin wants to give that much control. Not sure about GSFC.

No mention of the Mag that is huge for the bottom line making their business plan to be very basic unless splittng the 2 is part of their thinking... 

Hard to know until KRN responds officially. It can help motivate the other people doing their Due Diligence that the finacing can be resolved. Just don't wait to get everyone on board. 

Can't wait to see how the Board will weighs in noting what GSFC expects and why?
Bullboard Posts