RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The "King" speaks lol....Crunchy, I will admit, if one goes to their web site and looks at the corporate presentation, and give it a good read and conduct some due diligence on the content, it is hard not to be left with the impression that SALT has a high probability of succeeding. I believe the fast tracking of the feasibility study of SALT will set the price free....
....."...... Red Moon Resources Inc. has engaged SLR Consulting (Canada) Ltd., a global leader in the mining and minerals advisory service, to complete a feasibility study (FS) for the company's flagship Great Atlantic Salt project in western Newfoundland. By proceeding from a resource estimate directly to a feasibility study, given the geological nature of this relatively homogeneous and shallow high-grade deposit immediately adjacent to key infrastructure, the goal is to expedite potential development of Great Atlantic to serve the North American road salt market......"......
Great plays like this only come along once in a while, if they can continue to show progress, I am not letting go of this winner. I could be wrong but the metrics thus far suggest this is a good bet. SALT traded 878,000 shares on Friday during a week where the DOW experienced a 4.58% decline, this high volume suggests to me good things are coming very soon. Unfortunately the stock markets can be a very humbling place to play when prices collapse. So don't counts your chickens before the hatch, or as Crunchy said, don't quit your day job just yet.
Finally, and let's not forget VUL which I own because if SALT gets acquired or if the share price of SALT continues to rise, at some point this will become a significant event for VUL.