RE:RE:SALT - Feasibility Study accelerates into a new phase...JohnCabot wrote: Maybe the move today is related to drilling on the Colchester property. Monday will be interesting.
I posted this on the SALT board a few days ago.This guy Mark Demetree is for real, and I can't imagine he would pass this opportunity up.I'm sure they'll wait for the FS study to be complete, but this property ain't rocket science. They're in the business and being a Canadian property, gives them cover from U.S. monopoly laws...
I think the guy they need to connect with is Mark Demetree.... He and his firm have been collecting salt properties in North America, aggressively over the last few years, spending Billion$ getting there. I'm sure he's in the mix, waiting for the FS to be complete before he makes his offer. Here's a teaser from an article posted on a paid service which i won't copy in full or provide the link for. Google it if you want to read it in full. Salt Wars, Part 1:
Meet North America’s New Commodities Kingpin
Sixty-four year-old American entrepreneur Mark Demetree, part owner of MLB’s Kansas City Royals, has made a $5.2 billion (U.S.) bet on the North American Salt market.
That’s right, $5.2 billion on Salt (not Gold, not Lithium, not Uranium, not Nickel, but Salt).
And he’s not finished yet. He could strike again, literally any day.
As the saying goes, Follow The Money – especially when it’s “smart” money invested by a super successful business tycoon who has made all the right moves to become the Kingpin of Salt in North America.
BMR has followed that money trail and it leads to Newfoundland, interestingly, where Demetree is now eyeing the “jewel” of the Atlantic in terms of Salt deposits, a nearly billion tonne high-grade resource with perfect geology and a nearby deep water port. At a time of security of supply issues in the most important sector of the continental Salt market, with Demetree’s group also in a spat with the union at the ageing Pugwash mine in Nova Scotia, a battle is brewing over who may acquire this “jewel” of the Atlantic that could serve both Eastern Canada and the Northeast USA. There are 3 main contenders, and the aggressive Demetree appears to hold the early advantage.
Grade, size, location, and management – Great Atlantic has it all, including a Salt expert (Atlas President Rowland Howe) who Demetree has enormous respect for (in fact, he recruited Howe from the UK for North American Salt in the mid-1990’s). Atlas, formerly Red Moon Resources, now trades under the rather appropriate and memorable ticker symbol “SALT” on the TSX Venture Exchange.
I think the guy they need to connect with is Mark Demetree.... He and his firm have been collecting salt properties in North America, aggressively over the last few years, spending Billion$ getting there. I'm sure he's in the mix, waiting for the FS to be complete before he makes his offer. Here's a teaser from an article posted on a paid service which i won't copy in full or provide the link for. Google it if you want to read it in full. Salt Wars, Part 1:
Meet North America’s New Commodities Kingpin
Sixty-four year-old American entrepreneur Mark Demetree, part owner of MLB’s Kansas City Royals, has made a $5.2 billion (U.S.) bet on the North American Salt market.
That’s right, $5.2 billion on Salt (not Gold, not Lithium, not Uranium, not Nickel, but Salt).
And he’s not finished yet. He could strike again, literally any day.
As the saying goes, Follow The Money – especially when it’s “smart” money invested by a super successful business tycoon who has made all the right moves to become the Kingpin of Salt in North America.
BMR has followed that money trail and it leads to Newfoundland, interestingly, where Demetree is now eyeing the “jewel” of the Atlantic in terms of Salt deposits, a nearly billion tonne high-grade resource with perfect geology and a nearby deep water port. At a time of security of supply issues in the most important sector of the continental Salt market, with Demetree’s group also in a spat with the union at the ageing Pugwash mine in Nova Scotia, a battle is brewing over who may acquire this “jewel” of the Atlantic that could serve both Eastern Canada and the Northeast USA. There are 3 main contenders, and the aggressive Demetree appears to hold the early advantage.
Grade, size, location, and management – Great Atlantic has it all, including a Salt expert (Atlas President Rowland Howe) who Demetree has enormous respect for (in fact, he recruited Howe from the UK for North American Salt in the mid-1990’s). Atlas, formerly Red Moon Resources, now trades under the rather appropriate and memorable ticker symbol “SALT” on the TSX Venture Exchange.