Atlas Salt Inc V.SALT

Great close

[GrinningClown]

Awesome close in a crappy market day. Not sure however that this is going to get bought for $60 - $90 like Crunchy is suggesting. The stock is trading at $1.65 lol

[twoponds]

It actually isn't unrealistic as far as numbers go but you being a "clown" and all obviously haven't really "crunched" the numbers lol... A buyout is always a possibility just not likely in the near term, but money does talk.  It talks when a verified feasibility study is completed.  You do know that (FS) is in the works right?! ...two

[JohnCabot]

I'll take $3.00/share in this market, would still be a nice premium!

[Crunchy2chew]

I will give you a quick run down on why I think its going to be a $50++ stock soon.... 1) low cot production, actully ultra low cost. 2) well over a billion tons of super pure ore. 3) located basically ontop of an existing deep water dock. 4) domestic production deficit of over 10 million tonns per year inported at high costs 5) other domestic mines are getting expensive and some are heading

[GrinningClown]

Hey Crunchy,  Appreciate your response and truthfully you make some very good points. I was actually thinking that one of the foreign companies could take a run at this to avoid losing their market share. Anyway appreciate your bullet points and you make a compelling case for a higher buyout target.  Cheers, GC

[Crunchy2chew]

I think it will be a north american company if it is bought out. I dont think people realize just how special and unique this delvelopment is going to be.  the market for salt might not have as much flash or glitz as a nickle or a gold deposit. But what is does have is a market with a production deficit, a guaranteeded seasonal market for the product, no environmental or refining issues

[St0ckgirl]

Great post...Can we refuse if it's a foreign company? I am sorry to say I want this sucka to stay in Canadian hands...everyone must agree with that I hope...we can't give more stuff away...what's "MINE' is "MINE" is "MINE". I wish I could post a picture of a hand reaching to grab but with a fork jabbed right through it :) I LOVE ATLAS $ALT SO MUCH! Quote me

[GrinningClown]

Don't disagree with you there one bit, my point though is that it's likely one of the companies we import from who's market share Atlas has the most potential of replacing. I'd love to see a bidding war! 

[Crunchy2chew]

If one of the companies that deal with importing salt were to buy Atlas they could put a lot of domestic producers out of business. The domestic producers know this and would throw everything at it to prevent that. But thats just my opinion