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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 Aug 30, 2016 8:26am
140 Views
Post# 25190061

Objectives

ObjectivesWhile I appreciate some of the suggestion made, with already a 70 year mine life producing at 2 million tons per year, nice to prove exactly how more probable reserves, but what are the institutions really interested in seeing?  I would think an uptick in potash prices combined with a concrete funding plan and numbers for Phase I that will make money and a management that can clearly communicate that. 

Regardless of intentions, it all remains unclear no matter if certain governance issues are still outstanding. Will it change after September? Will we ever see an official outline of a deal? I hope shareholders will make sure they get those answers.
Bullboard Posts