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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 twopondson Nov 04, 2021 3:58pm
133 Views
Post# 34088605

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

RE:RE:RE:RE:Vulcan lacks interest lol..."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. "
...and there is where your entry point can make those numbers very, very skewed.  If you only went from the 52 week low and used that as an entry point your numbers would be so much different.  I see, with your analogy, an entry at todays prices.  Just keep in mind many have an entry much, much lower than today's SP.  That's leverage...and it seems many have a much lower average. In the end, no one will be disappointed in their investment here, but our investment timelines may be much different than others are...#SALT   $SALT

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