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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 Redrum180on Apr 18, 2024 11:47am
107 Views
Post# 35996053

RE:Lack of volume ?

RE:Lack of volume ?Beats me!  The stock has been rubbing SALT in my wounds... :)

A mine seems like "free money;" all I can think of is that there might be some uncertainties re the environmental impact and the fact that interest rates are high makes cash a little tighter.  The stock has declined quite a bit, about 50% in a year. 

I purchased VUL, which I understand has a 30% interest in SALT and a 10% interest in Triple Point.  They also have other properties and "only" 129,000,000 shares outstanding.  To me, VULCAN is undervalued.  
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