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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 businessenseon Jul 03, 2022 11:53am
214 Views
Post# 34798015

RE:Irony at its finest!

RE:Irony at its finest!...and what would have been the trade off?
I am certain they were not doing it in the kindness of their heart.
Technique, purity, quantity, returns, etc. 

Certainly do not have any number to say it would have been profitable and now you have a thrid party involved. We know how that has turned out in the past.

Whether they can do this without bringing in too many other player will impact shareholder dilution or control.

Only they can really say what they are thinking since no one else in management certainly appear to have been able to put out a more indepth financial rational other than seeking alternate options.

If the world does not blow itself up before, potash at these levels can certainly provide a better margin of error while getting what they have been after all along.
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