Sorry I must complete tomorrow
Karnalyte Resources Inc.(KRLTF)or on the Canadian exchange (KRN.TO) … negative enterprise value
KRLTF price of $1.10 per share you get per share values of cash 1.53, book 3.67, EV -.421, to be continued
Karnalyte Resources focuses on exploration, development of agricultural and industrial potash as well as magnesium products. Then, Karnalyte intends to develop and extract a carnallite – sylvite mineral deposit. Significant magnesium received a positive pre-feasibility study for the production of magnesium compounds. The construction of a magnesium product facility is contingent upon the development of the 625,000 tonnes per year. Study indicated viability of producing magnesium products as a second product line.
Noted operational advantages taken from Karnalyte Resources website are as follows: “strong potash industry fundamentals; a significant potash resource with existing infrastructure; low capital expenditures and operating costs; near-term production of 625,000 tonnes per year, with plans to expand to 2.125 million tonnes per year; and an opportunity for expansion of both production and resource base.”
A strategic investment and agreement with Gujarat State Fertilizers & Chemicals (“GSFC”) received environmental permits to start construction of the Wynyard Carnallite Project. The Company’s near-term objectives get additional financing to fund the first phase construction along with identifying other strategic partnership opportunities.
Source:
http://shadowstock.blogspot.com/2014/05/below-net-cash-takeover-potential.html
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