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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 GGSzaboon Nov 28, 2016 12:12pm
135 Views
Post# 25522122

RE:RE:RE:RE:RE:RE:How soon

RE:RE:RE:RE:RE:RE:How soonTTT, Agreed.

 My response and anlysis was to the original poster as a worse case scenerio.  Not suggesting that is where the company should go and that we are at that state now. Karnlayte has money in the bank.  And I do not want or hope of dilution.  We can keep going for years and longer dependent on how the moneys are handled.

I think Mjdbrown summarized it the best and what we need to be successul 
 - potash prices to rise
 - optimization program to come back with better extraction values
 --> restating our asset values
He also stated we are in a Catch 22 with GFSC agreement
- they must approve all financial deals
-
Again my post was in relationship to scenerio where we had to preserve cash in the future, if we ever did get to the point of having to conserver cash.  We are not there.  I agree.
Bullboard Posts