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Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

Atlas Salt Inc. is a Canada-based junior mineral exploration company. The Company is engaged in the acquisition, evaluation, exploration and production of mineral properties in Newfoundland and Labrador. The Company owns 100% of the Great Atlantic salt deposit strategically located in western Newfoundland in the middle of the robust eastern North America road salt market. The project features a large homogeneous high-grade resource located next to a deep-water port. It also develops the Fischell’s Brook Salt Dome, which is approximately 15 kilometers (km) south of Great Atlantic in the heart of an emerging Clean Energy Hub. The Company's Flat Bay Gypsum Project is located three km southwest of Great Atlantic Salt deposit that features early-stage open-pit production from the Ace deposit. The project is located beside important infrastructure including a deep-water port, Great Atlantic positions Atlas in the middle of the eastern North America Road salt de-icing market.


TSXV:SALT - Post by User

Comment by lifegoesonon Mar 23, 2022 5:40pm
100 Views
Post# 34539483

RE:Notice that someone hasn't been posting in a while?

RE:Notice that someone hasn't been posting in a while?Stockgirl, 240,000 shares today, rather low volume is a good sign sellers are getting tired and sold their loose stock, i.e. taken their profits, but there were still over 540,000 shares short at March 15. Not sure how many short today. Almost everything is known about this play, i.e. size and potential, except for assays from the 500 m step out. We know we have hit the top of the salt, which means salt is there but we don't know how thick, I am surprised, because they have been drilling for a long time now. We need some news sooner than later to clear up the rumours and put a true floor to the price. As I said before, given the trading volumes above $1.30 is a good indicator this should be the bottom price as people will average down.  It is already heading to April and no indication the economic feasility study is going to be released any time soon, but I suspect they are keeping this close to their chest.  A ramp or expensive deep vertical target, we need to find this out soon.
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