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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 ErnestC1936on Aug 18, 2020 12:06am
184 Views
Post# 31421193

RE:RE:RE:RE:RE:Karnalyte Resources completes Proteos PFS

RE:RE:RE:RE:RE:Karnalyte Resources completes Proteos PFS

So if I understand what you both are saying - Nitrogen is a dead horse, GSFC has issues and obviously Potash is a total dream......what is your hope? What are you hanging on to? How much $ do you have invested? Or have you cashed out already? I have over $50,000 invested. Maybe not much for you guys, but still more than the Executives and Board Members have in total. Please help me understand why you support them and what the hope is for an outcome and when? If Nitrogen is dead and Mosaic has idled Colonsay Potash mine, BHP at Jansen is in neutral, what is the plan here then as you guys see it? 


Sorry, I am missing the points from a business and investors perspective. I don't know and haven't met the Execs or Board as you may have. What are you buying/investing in? What is the return on investment and when? How much money have you put it to back this team to deliver it? 


I am looking for hope and a reason. Not sure if you guys are farmers or what backgrounds are but farmers as neighbours often talk over coffee, now we do it in half tons for social distancing but we have an honest conversation about why and how. Please help me understand from a business and investor point of view why the Execs having no stock or personal money invested is a good thing and also what is the business plan you see that I don't to get my money back?

Bullboard Posts