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.

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Karnalyte Resources Inc

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Comment by Sphinxteron Jan 14, 2017 12:08pm

301 Views

Post# 25708233

RE:RE:Re: Something is really off here

Yeah, well nothing ever seems to be quite right with this company as everything just seems to escalate. With so many answers that fall short or get answered really looks like someone who is just winging it...

The list of what is wrong isn't that complicated:

Economics at USD 230/ mt for potash.
Economies of scale at 3/4 $ billion.
Your single biggest shareholder is the only one buying and has the money.
All the other ideas such as seismic testing is a distraction that does not deal with the main hurdle, project financing that was originally estimated at $450 million.
A process that seems less than straight forward unless you have blind faith in a information that has proven contradictory......

Do I really have to continue...