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Select Sands Corp SLSDF


Primary Symbol: V.SNS

Select Sands Corp. is a Canada-based industrial silica product company, which wholly owns a Tier-1 silica sands property and related production facilities located near Sandtown, Arkansas. The Company is engaged in mining its 520-acre site in Arkansas named the Sandtown quarry. The property is underlain by the Ordovician St. Peter sandstone formation, the source of industrial silica sand Ottawa White frac sand, selling into various United States oil and gas and industrial and specialty end markets. These properties include sand sphericity and roundness, crush (K Value), acid solubility, turbidity and silicon dioxide (SiO2) content. The Company is focused on developing this business to enable commercial silica sand sales to industrial and energy customers. Its Plant Reconfiguration Project includes installation of dry-process equipment at the Diaz Rail Facility.


TSXV:SNS - Post by User

Post by Frankie10on Mar 08, 2022 10:11am
233 Views
Post# 34494853

Tax-free Cash Flow / Huge $4.5M bump to Earnings

Tax-free Cash Flow / Huge $4.5M bump to EarningsSNS will be recognizing a tax asset on the upcoming audited financial statements now that profitability is expected in the current fiscal year. Refer to 2017 financials for an example of when this was previously done. That means we will be adding a ~$4-5M asset to the balance sheet (based on the figure from 2020 audited f/s). This means we will be booking a gain on the income statement for the same amount. I'm sure there will be plenty of people who will just look at bottom line EPS/earnings and be blown away. More importantly on a discounted cash flow basis, this will signal to all investors that the company will be earning money tax free for the foreseeable future. 6 month price target: 40 to 50 cents
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