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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 Canticleon Jul 05, 2022 9:34am
103 Views
Post# 34801405

RE:RE:Liked2think

RE:RE:Liked2think
Woth all due respect no one is going to pay over $5 billion for just the mine, not even in an absurdly stratospheric bidding war. Maybe WITH their other assets it might hit over $50 in a rabid bidding war but if someone wanted to pay $5.6 billion for Great Atlantic, they could just buy all of Compass Minerals at an almost 3x premium instead. The entire active portfolio of Compass Minerals doesn't even give them a market cap half of that value. Seriously, over $5 billion for just Great Atlantic Salt is absurd, no one is paying that.
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