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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 Sphinxteron Dec 19, 2016 6:42am
236 Views
Post# 25618055

Same Old

Same OldSame old stick as always as round and round they go. Always considering something, not sure anyone one knows for sure what that is given how long they have been at this. The mag is proving to be just  another complicated option without any tangible details. With potash at these prices, it will probably be at least another year before prices might move above USD $250 and doubt anything will ever happen other than wait for the Indians to come up with the money.  No matter all the great ideas used to bend everyone's ear, they sure need a lot of money to make this pig fly.

The only motivation behind all those who got suckered in is to save face given how many times this has gone off the rails. Been far too many blunders to be taken seriously by any real players as the saga continues. At this point who knows if they know how to build the thing as the main investor after 4 years still wanted to do a review. Ultimately, GSFC will effectively get their extension and have another year to figure out what they want to do since nothing else will probably happen. 

The lack of answers or exaggerated claims from management is nothing new.

As for what will turn it around, your going to need a lot more than just favourable Optmization Results.  Right now the only putz enjoying Christmas is the one who didn't invest or getting paid and taking vacations on the shareholders dime.
Bullboard Posts