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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 TimTimTimon Mar 14, 2016 12:26pm
241 Views
Post# 24655831

Incredible

IncredibleThis agreement is such a pleasant surprise, Karnalyte is going to be a major force in the Potash world now!!  Add in a 3 for 1 share split and nearly 1 billion Canadian dollars in financing and we easily have a $ 20.00-$30.00 dollare per share Company once they start actual production. Potash Corp should be worried, not just about the first, second and third phases of Wynward, but also the development of the other 70% of land the spinoff companies will develop. I have been told that this other 70% may hold twice the amount of Potash and magnesium that has been proven in the Wynward portion. Is there also talk of pulling off Rare Earth Elements?
Bullboard Posts