Atlas Salt Inc V.SALT

Alternate Symbol(s): REMRF

Metals & Mining Industrial Metals & Minerals

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

Atlas Salt Inc > Realistic targets

<< Previous

Bullboard Posts

Next >>

Comment by Crunchy2chewon Apr 29, 2022 6:36pm

118 Views

Post# 34643967

RE:RE:RE:RE:RE:Realistic targets

So tell me where I am wrong....

Lets say a modest 7 million ton of product per year after a year or two of operation.
Aasume a discount wholesale price $70/ton .
Assume a profit after expenses of of 60% (I would bet it would be atleast this or more)

7 mil x $70 = $490 million x 0.6 = $294 million per year profit.

I know its a quick and dirty, does not include sales of consumer sized prebagged salt, industry sales, pool salt or water softner etc etc.

This is an operation that will run for over 100 years. Basically an unlimited ATM.

But whatever, its only worth $5 at the most right.

<< Previous

Bullboard Posts

Next >>

Three unloved stocks to bolster your exposure to innovation