Select Sands Corp SLSDF

Primary Symbol: V.SNS

Metals & Mining Industrial Metals & Minerals

Select Sands Corp. is a Canada-based industrial silica product company, which wholly owns a Tier-1 silica sands property and related production facilities located near Sandtown, Arkansas. The Company is engaged in mining its 520-acre site in Arkansas named the Sandtown quarry. The property is underlain by the Ordovician St. Peter sandstone formation, the source of industrial silica sand Ottawa White frac sand, selling into various United States oil and gas and industrial and specialty end markets. These properties include sand sphericity and roundness, crush (K Value), acid solubility, turbidity and silicon dioxide (SiO2) content. The Company is focused on developing this business to enable commercial silica sand sales to industrial and energy customers. Its Plant Reconfiguration Project includes installation of dry-process equipment at the Diaz Rail Facility.

TSXV:SNS - Post by User

Select Sands Corp > SNS -$1,513,568 / 59,017(tons) =($25.65) /ton loss EOM

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Comment by RasoolMohammad1on Jun 02, 2020 11:56am

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Post# 31101827

RE:SNS -$1,513,568 / 59,017(tons) =($25.65) /ton loss EOM

$1,513,568 / 59,017 =($25.65)/ton loss(Q1/2020)
Cash Position without the Payroll Protection Govt Grant of $416,153 =$113,112
Inventory went up to $2,555,153 from $1,954,065 (This is Accounting
gimmick- Porduct that cant be sold you mark it as an inventory)
Officers and Directors Payment =$344,058
Interest on Longterm loan payment more than doubled to $78,528

This is supposed to be the pre-Covid Quarter

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