Vulcan Minerals Inc V.VUL

Alternate Symbol(s): VULMF

Metals & Mining Industrial Metals & Minerals

Vulcan Minerals Inc. is a Canada-based precious and base metals exploration company, which is engaged in mineral exploration on properties in Newfoundland and Labrador. Its projects include Colchester, Gander Belt Gold, Red Cross Lake, South Voisey’s Bay, Carbonear and Atlas Salt. The Colchester Copper Gold Project is in north-central Newfoundland. The Gander Belt Gold Project extends approximately 100 kilometers from the north coast of Newfoundland to the south-central part of the island. The Red Cross Lake project is located in central Newfoundland and comprises 102 claims approximately 2,550 hectares. Its South Voisey’s Bay nickel-copper-cobalt project located in Labrador. The Project comprises three licenses containing a total of 30 claims. It also holds an interest in Atlas Salt Inc., which is carrying out a feasibility analysis on its Great Atlantic salt deposit in western Newfoundland, strategically located in the robust road de-icing market of eastern North America.

TSXV:VUL - Post by User

Vulcan Minerals Inc > SALT pushing up over $1.60 on volume

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Comment by lifegoesonon Dec 30, 2021 4:31pm

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Post# 34272134

RE:RE:SALT pushing up over $1.60 on volume

LuckierJack2, I couldn't agree more with you, I bought more VUL shares today. SALT closed at $1.72, up $0.22 on 885,000 shares. With VUL owning about 28 M shares, SALT has only 50 M shares in the market, i.e. 78M - 28M, thus making SALT even thinner than meets the eye. And I can only imagine how much insider own (Does anyone know what percentage insiders own, there is no mention in their corporate presentation).At the end of September, SALT also had about $8M CASH, not to mention the warrants and options in the money which can raise millions more.

My conclusion: VUL is undervalued.

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