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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

Comment by patospoweron Mar 28, 2022 6:58pm
181 Views
Post# 34553738

RE:RE:take out target.

RE:RE:take out target.By the way, KRN states that its OPEX is $130-$140/t but that is a little misleading as there's stuff in there (like maintenance capex lol) which is not supposed to be and makes it look poor compared to others who boast about $60/t opex mines. Actual cash cost per ton is estimated at $83 including a $7.5 allocation for contingencies - still a slightly higher opex project than others but nowhere near back breaking nor even unjustifiable at $200/t sale prices which is part of why I am so mad at GSFC for pulling the plug on financing 5 years ago and mothballing Wynyard all those years.

I have to bring it up AGAIN, if Robin had his way then and GSFC had the deep pockets and vision they kept trying to convince everybody including themselves that they had, share price would be in the low 20's today, producing at nameplate capacity. THAT is assuming that the market ascribed a massive value of $0 to phases 2 and 3.

Even a positive result right now is nothing compared to what it could have been.
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