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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
Post by businessenseon Feb 02, 2016 11:18am
181 Views
Post# 24516211

Day 2

Day 2MDJ - While analysing the global dynamics of the Potash market, one could draw a parallel to the oil market.  Still a lot of hurdles and it takes longer to get potash out of the ground in many cases. KRN certainly has an advantage on ramp up time. 

No guesses on how long they will be in India?  The stock keeps creeping up so either some people know something or just hoping for good news?

As day 3 will start tonigh in India, the longer it takes does is say they are still trying to work things out? If correct, Nanda is no longer Chairman as of Feb 1st. 

If details on a deal immerge as a share issue in around $4.00 with a financing structure, care to venture on where the share price may top out? How will analyst rate the stock and will it insight interest from different funds again? 

Bullboard Posts