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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 Jun 09, 2022 9:46am
156 Views
Post# 34743219

RE:possible timelines

RE:possible timelines Kilofinal, I think you might be right, the higher the marketcap goes, the higher the buyout price is likely to be. When the buyout happens is an open question, but with VUL owning 32M shares and have shown little desire to sell any stock over the last year, this will only add to upside pressure on the marketcap, i.e. easier for price to move up if no one sells, and then balance this with the size of the resource and potential spinout of Fischell's Brook, who knows how high the price could go in the next 3-6 months. Of course, these are all reading the tea leaves, until we are proven right or wrong in the markets. Right now there is little trading and the sell orders are looking pretty thin, all very good from my perspective.
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