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.

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Karnalyte Resources Inc

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Comment by businessenseon Feb 06, 2016 5:31am

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Post# 24531368

RE:RE:Magnesium Project

What is unclear and frustrating is the numbers are not always the same. My conversation with Robin indicated a $1,100 pmt for the magnesium versus $650. This is a difference of potentially a $3.00 per share value or $2.00 should they produce. The retained earnings are either $14 million or below $5 million respectively.

This is better than nothing. My sentiment is that it is far from initial objectives that placed this company’s value at IPO at $8.60 needing $200 million.

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