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 > Hmmmm...🤔🤦🏽‍♀️😳

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Comment by Canticleon Sep 21, 2022 9:33am

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Post# 34975986

RE:RE:RE:Hmmmm...🤔🤦🏽‍♀️😳

Donwaan wrote: What is a realistic price range for SALT shares after the spinout? And aside from the FS or a potential buyout offer what catalysts are there for further share price appreciation?

I personally think core value of the asset before Feasibility Study after the spinout is going to range between $2 - $3.5. I would have said $3 to $4 (and have), but given market sentiment right now, I think it's going to be lower until there's some specific news. Given price movement today, I think the Triple Point spinout is going to be somewhere in the .50 - .75 range with Atlas Salt sitting at 2 to 2.25 post spinout to start

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