Karnalyte Resources Inc T.KRN

BHP full steam ahead by the looks of it

[mdjbrown]

https://www.mining.com/bhp-to-speed-up-5-7-billion-jansen-potash-mine/



Maybe that will bring a much needed large gas distribution line 20 km's closer to Wynyard 

From the TR:

"Natural gas for plant and brine field operations require construction of a 8” (203.2 mm) steel pipeline from the PCS potash operation near Lanigan to the planned plant site (Figure 6), to supply the required amounts of natural gas. "


 

[bigkagan]

With all these new mines coming online, potash will be dirt cheap. It only makes sense to develop the Wynyard for its magnesium which is #3 industrial metal, believe it or not

[mdjbrown]

Potash or magnesium bk, it all comes up together in the same brine

[stocksnbonds458]

Well old friend, time to get back into this one?

[mdjbrown]

snb458, it will be very interesting to hear the total funding the corporation raises through the Rights Offering.  That will dictate a lot, as I assume the Tech Report update and consulting fees still need to be paid for which cant be cheap. With Q2 financials due out in a couple weeks, that should give shareholders a glimpse into the direction anticipated in Q3 and Q4

[businessense]

With  GSFC's share position invariably increasing as the principle stake holder with this Rights offering, their single primary objective and  decisions will continue to be solely directed towards potash.  Regardless what anyone may think or say.

[mdjbrown]

Agree biz  I dont think it is any secret GSFC is in this solely for the potash. Likely why GSFC was in support of a 100,000 ton proof of concept sylvite mine in early 2018, as it could have produced much needed revenue while crunching the Wynyard carnalitte numbers.  If someone with deep pockets came along and wanted to produce magnesium from the waste brine, I am very certain GSFC

[businessense]

I have understood the magnesium as gravy and the potential seemed easy enough. The reality at the time ended up that it wasn't entirely clear who would buy it based on the commentary I recall reading.