Feasibility Study in Hand, Karnalyte Turns Focus to Financing
Oct. 25, 2011 12:07PM PST
Potash InvestingMining Weekly reported that Karnalyte Resources (TSX:KRN) published a feasibility study for its Wynyard potash project.
Mining Weekly reported that Karnalyte Resources (TSX:KRN) published a feasibility study for its Wynyard potash project.
As quoted in the market news:
The study gave the project a 22% after-tax internal rate of return, and a $1.9-billion after-tax net present value at a 10% discount rate for the 2.1-million-ton-a-year operation. Karnalyte CEO Robin Phinney said the reclassification of the firm’s potash resources to reserves and the publishing of the feasibility study were “pivotal”.