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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

Post by NLMooseon Jan 31, 2023 2:15pm
295 Views
Post# 35257451

Atlas Salt Is Getting "Candlepinned" For Great News

Atlas Salt Is Getting "Candlepinned" For Great News

Atlas Salt reports great results in the Great Atlantic salt findings, including a $900 million Net Present Value, 22% Internal Rate of Return, and 4.2 years Payback Method.

In spite these great results, Atlas is getting punished as opposed to be rewarded.

Mathematically speaking, based on these great findings, Atlas Salt shares should be trading at $10.00 a share, not plunge below $2.00 a share.

Talk about getting "Candlepinned", named after a Bowling variation known as Candlepin where Bowlers get punished for making great shots, and that's wrong.

Shame on you investors who put Atlas Salt down.

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