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 > another hurdle jumped

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Comment by Jethro980on Apr 19, 2024 11:02pm

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Post# 35999259

RE:another hurdle jumped

2.5 million tons of salt per year at say $75.00 ton. $187.5 million gross revenue at profit based on Atlas Salt low cost operations of 40% or $75 mill per year. Based on these numbers stock should trade at around $7.00 per share. With a buy out of 9.00 range. Obviously I am calculating for bank financing and not dilution. Thoughts???

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