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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 30, 2022 6:14pm
163 Views
Post# 34560821

RE:RE:Annual results are out

RE:RE:Annual results are outEven if prices keep rising for 2 years, that's how long it'll take KRN to get financing (actually longer, at this rate). Then the construction another few, and voila, back to square 1. By that point everybody else will have ramped up production like crazy, Belarus will be back online, and supply will outpace demand again. And to top it off, share count will have been further diluted to keep the lights on.

I'm not worried about share price in the short term, you are right that if anything it'll be favorable. I'm thinking of long term prospects, I usually don't like playing hot potato which is what this stock is going to be. 
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