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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 May 31, 2016 7:49am
173 Views
Post# 24918401

RE:RE:RE:RE:RE:Quotes

RE:RE:RE:RE:RE:QuotesCertainly been a long road with a lot of twist and turns. Let us wait and see until we get all the facts. Robin is driving this and any other outcome wouldn't achieve that. Not sure many assets will be transfered to any spinoff and the question is when? Current statement reads differently than the initial press release and without knowing the cost involved, I doubt they have the money to spare. With many of the initial set-up costs that would be covered, the Mag will certainly benefit.

The Mag will need its own investor and real numbers. So far the assumptions seem to indicate it will be a lot easier to finance. Again, that is all in Robin's hands. It may detract from the current objective moving forward on the potash, but if he does not adequately elaborate in the next circular, people will need to press him on it at the next AGM.  That has little to do with GSFC and still a lot of work ahead.
Bullboard Posts