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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 Aug 11, 2022 11:54am
122 Views
Post# 34888513

RE:RE:RE:RE:Atlas chat board has gone to hell

RE:RE:RE:RE:Atlas chat board has gone to hell

It's ridiculous based on the numbers alone.

Getting to 76$ requires a bidder to be shelling out over $6 billion for the single salt mine. It doesn't matter how premiere it is, how low cost it is, how desireable it is, that's over 3 times the current market cap of the entirety of Compass Minerals. Stone Canyone didn't pay that much for Morton Salt, which came with an entire retail and marketing chain on top of a mine.

Those saying they have done 'due diligence' on a $76 stock price for the mine need to show their numbers or stop making the claim because it IS ridiculous. Even $50 was a statistical outlier.

I've repeatedly said, based on actual numbers as opposed to wishful thinking, that $10-12 would be a realistic number, and I hope to see it go higher in a bidding war, but some of the rhetoric going on around this stock speaks more to the personal attachment people have to a stock than any actual due diligence

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