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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 nedstar71on Apr 29, 2022 4:25pm
124 Views
Post# 34643657

RE:RE:RE:RE:Realistic targets

RE:RE:RE:RE:Realistic targets
Scionxb777 wrote:  I doubt Rowland Howe is going to sell out 73 billion dollars worth of salt for 300 million 



Statements like these don't help as they are overly simplistic and could be misleading. Compass Minerals, owner of the largest salt mine in the world in Goderich (where Roland Howe used to be in charge) as well as numerous other mines entire market cap is $2 billion for everything they own. Buyout numbers like $50 a share being thrown around here yet nobody is willing to pay $2 on the open market (and yes many industry experts are aware of this mine's potential) doesn't help sell the story. Keeping things in the realm of realistic, logical dialogue is the way to go.
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