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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.
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TSXV:SALT - Post by User

Comment by Canticleon Sep 12, 2022 12:26pm
190 Views
Post# 34956901

RE:RE:Let's have a Great Day! πŸ• πŸ§‚ βš“πŸ”±πŸŒŠβš“πŸ”±πŸ΄β€β˜ πŸ¦œβ›΅β˜ οΈπŸ΄πŸš€πŸ›₯️

RE:RE:Let's have a Great Day! πŸ• πŸ§‚ βš“πŸ”±πŸŒŠβš“πŸ”±πŸ΄β€β˜ πŸ¦œβ›΅β˜ οΈπŸ΄πŸš€πŸ›₯️

Willsridge wrote: Stock girl. Don't forget Vulcan. That may be a juicy morsel as they will have millions of shares in both Salt and TPC. I actually anticipate Vulcan going to 2 or 4 dollars. They also have been having some positive drilling results

At current prices I'm seeing Vulcan as having more upside just because its that undervalued. Personally, I see Atlas after the spinout as, at best hitting $12 in a bidding war for the asset, if a bidding war happens. I think $10 is more likely but hoping for more. Thats going to be 3-4x the after spinout price.

Vulcan, on the other hand, could hit $3-4 (as you said) once Great Atlantic is sold off or starts production as they not only own millions of shares but retain net smelter royalties. On top of that they'll have the Triple Point asset, and their other assets as well, at the moment I see the price increase potential as greater there than with Great Atlantic.

 

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