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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

Post by patospoweron Nov 18, 2021 3:48pm
428 Views
Post# 34142581

Just a quick reminder

Just a quick reminderA user named "RobinPhiney4CEO" or some such just made a comment, and it reminded me. Robin Phinney around ~2017 got THIS close to getting the Wynyard project going, but it was kyboshed by the oh-so-competent GSFC overlords without whom we apparently would struggle to tie our shoes. Phinney believed and did indeed mention prices were expected to rise in time so that when the project was ready, it would be very economical.

Had the project been started then, it would be ready just about now and pumping product at well over $100/ton higher than break-even. Phinney himself would have a hard time believing just how prescient his foresight was. Yet he's been made out to be some incompetent backwoods crackpot.

Meanwhile, the GSFC boys, true experts that they are, spent their time shaking down major Sask players for pennies resulting in Karnalyte becoming considered total clowns in the industry. Now nobody wants to do business with Karnalyte, simply because of association to GSFC, the REAL experts in all things potash. Canadian potash veterans can go pound sand, GSFC is here to show you how to do it!
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