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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 Crunchy2chewon Apr 22, 2022 7:34pm
152 Views
Post# 34625447

RE:Great close

RE:Great closeI will give you a quick run down on why I think its going to be a $50++ stock soon....

1) low cot production, actully ultra low cost.
2) well over a billion tons of super pure ore.
3) located basically ontop of an existing deep water dock.
4) domestic production deficit of over 10 million tonns per year inported at high costs
5) other domestic mines are getting expensive and some are heading toward end of life..
6) NL one of the best mining locations in the world.
7) infastructure and towns a stowns throw away.
8) annual sales of 5-7 million tons/year starting and ramping up as demand increases.
9) Salt is selling for $80/ton wholesale
10) existing companies will want to protect their market share
11) existing companies will want to corner the market and become the salt king :)
12) bidding war.

I prob missed a bunch of points........
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