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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 TRUBLVRon Aug 07, 2020 5:04pm
284 Views
Post# 31381157

RE:What is really going on?

RE:What is really going on?It is really nice to see the share price bump, unfortunately most of us are still way underwater. 

My question:
What happens when the $6.4 million runs out?  Is it another share offering?
At what price or does GSFC take over the asset, 

The dreams of a nitrogen plant are scary, years down the road.  Its tough for a small nitrogen player to compete with the big operators, such as Nutrien, CF and Yara. 
Nitrogen is a commodity, that is easily manufactured worldwide and shipped on cheap ocean freight.      

Why are other potash plants being built in Sask with the low pricing? Very similar assets being developed. 
 
There is value in the Magnesium, but the main product to sell is the low salt Potash.  Get back to the original plan,  Its time to advance the Potash plant, 

The CSG is wasting time and KRN cash,   

Just my opinion
Bullboard Posts