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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 TimTimTimon Jan 03, 2016 11:21am
99 Views
Post# 24425710

RE:RE:RE:This deal should be a win win for everybody

RE:RE:RE:This deal should be a win win for everybodymdj, I believe GSFC is going to try a low ball offer. I think its genetic and they just cant help themselves. It was just a year ago that they orchestrated the attempt to get the resource for next to nothing (In my opinion of course). If what they come up with is just some convoluted structure that enables them to pay their bank loans and stall the building of the mine they sure wont get my vote. They must get something out to us before much longer, as there must be enough time for the proposal to go to shareholders for a vote. All of this prior to Feb 23! My guess is that they lose the resource come end Feb, and we can shop this thing around unencumbered by GSFC. Cant wait!
Bullboard Posts