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Atlas Salt Inc REMRF


Primary Symbol: V.SALT

Atlas Salt Inc. is a Canada-based mineral exploration company. The Company is engaged in the evaluation, exploration, development and production of industrial mineral properties in Newfoundland and Labrador. The Company’s principal asset is the Great Atlantic salt deposit project (Great Atlantic Salt Project), located in the St. George Basin of western Newfoundland. Its Gypsum Project is three kilometers (km) southwest of Great Atlantic salt deposit, which is an early-stage and open-pit production from the Ace deposit. Its Nepheline Syenite Property consists of a surface occurrence of nepheline syenite along the southern Labrador highway. The project is located approximately six km from tide water.


TSXV:SALT - Post by User

Bullboard Posts
Comment by booya99on Apr 01, 2008 2:52pm
35 Views
Post# 14927325

RE: consolidation

RE: consolidationI would say unlikely...  if they stick reasonably close  to their plan then  # shares will be mute as EPS and market cap will be the discussion.   As I have mentioned before, with each successful drill  and each proving/ finding of resources the current market cap becomes more and more  ridiculous.   If you wanted to buy the resources they have what would be paid?  24 Million $$...  ?  Not even close.
Bullboard Posts