RE:RE:RE:RE:RE:Did KRN take/answer any questions during the AGM And there in lies the biggest hurdle Pp
I am positive current management are doing all they can with what they have, but they themselves have reported they are trying to tighten the corporation’s belt, including selling non potash assets, possibly dropping down to the Venture exchange, etc.
That on top of comments that they believe potash will be in an over supply situation in coming years does not exactly shout confidence that Wynyard dirt will be flying any time soon.
As natural gas prices continue to skyrocket, I can only assume that puts huge pressure on break even numbers for any nitrogen or potash ideas.
It would be great to see the numbers actually being relied upon for feasibility for both potash and nitrogen, but as has been the case for years, those numbers are a mystery, and I believe a new / updated Technical Report / Feasibility study would have to be conducted on the Wynyard Property in order to seek project financing anyways.
Not sure the remaining treasury could support that expense, as it would take months if not a year to complete, so here we sit waiting for the next shoe to drop while under control of GSFC who has already stated they dont have the money to build a mine.
Not exactly a position of strength when seeking a billion dollar deep pocket partner