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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 nedstar71on Apr 29, 2022 4:25pm
136 Views
Post# 34643657

RE:RE:RE:RE:Realistic targets

RE:RE:RE:RE:Realistic targets
Scionxb777 wrote:  I doubt Rowland Howe is going to sell out 73 billion dollars worth of salt for 300 million 



Statements like these don't help as they are overly simplistic and could be misleading. Compass Minerals, owner of the largest salt mine in the world in Goderich (where Roland Howe used to be in charge) as well as numerous other mines entire market cap is $2 billion for everything they own. Buyout numbers like $50 a share being thrown around here yet nobody is willing to pay $2 on the open market (and yes many industry experts are aware of this mine's potential) doesn't help sell the story. Keeping things in the realm of realistic, logical dialogue is the way to go.
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