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Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

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

Comment by lifegoesonon Nov 04, 2021 2:27pm
96 Views
Post# 34088035

RE:RE:RE:Vulcan lacks interest lol...

RE:RE:RE:Vulcan lacks interest lol...Twoponds, no doubt SALT is the play, but VUL represents excellent leverage. For example, at current prices VUL represents 4.45 X leverage ($1.38/0.31), so to spend $13,800 to buy 10,000 shares of SALT, the same amount of money buys 44,516 shares of VUL. That is obvious to anyone, now the real leverage is in what one thinks the price can be, for example, to double your money in SALT, it has to go to $2.76, but to double your money in VUL, the price only has to go to $0.62. Now the leverage really comes into play depending on how high SALT can go, let's say SALT goes to $6.90, this represents 5X money, VUL only needs to go to $1.55.  Now taking into consideration the share structures of both companies, ask yourself what VUL would be worth if SALT is sold out at $6.90, with VUL owning 28 M shares of SALT, that would represent $193 M free cash to VUL. So, what would VUL really be worth if they got a cash injection of $193M taking into account the share structure and adding a significant premium since they could do a lot with $193M. Bottom line, one should own both and manage your money prudently.
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