Atlas Salt Inc V.RMK

RE:Price

[lifegoeson]

Freelancer, I am always intrigued when someone posts a number lke $35/share in 5 years under full produciton of 7 million tons per year. After reviewing their web site, in particular under the Salt Project section, where there are details about marketing, logistics, ane size of the deposit, all I can say is amazing. the markets are there, the location strategically is highly leveraged, and the resource of 1.4 B tons is NI 43-101 verified. They are drilling to expand. The best part is they have contracted SLR Consulting to formulate a mining optionality assessment through an evaluation of all existing data and the acquisition of fresh geotechnical information from the upcoming drill program. The second stage of the FS, expected to be completed during the first half of 2022, will include the design of a mining method, processing parameters, related infrastructure, environmental screening and an economic evaluation. This study, if economically feasible, would no doubt lead to production. The first half of 2022 for the study to be completed isn't far away. They have also raised enough money to drill the next set and fund the study. The good part is VUL owns 28 M shares of RMK. My conclusion, one should own both, RMK for long term production and VUL for near term leverage (VUL has $13.5 M in the bank as cash). This is an exciting opportunity from a number of perspectives. I'm in.