Atlas Salt Inc V.SALT

Alternate Symbol(s): REMRF

Metals & Mining Industrial Metals & Minerals

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.

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Atlas Salt Inc > Realistic targets

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Comment by Crunchy2chewon Apr 29, 2022 6:36pm

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Post# 34643967

RE:RE:RE:RE:RE:Realistic targets

So tell me where I am wrong....

Lets say a modest 7 million ton of product per year after a year or two of operation.
Aasume a discount wholesale price $70/ton .
Assume a profit after expenses of of 60% (I would bet it would be atleast this or more)

7 mil x $70 = $490 million x 0.6 = $294 million per year profit.

I know its a quick and dirty, does not include sales of consumer sized prebagged salt, industry sales, pool salt or water softner etc etc.

This is an operation that will run for over 100 years. Basically an unlimited ATM.

But whatever, its only worth $5 at the most right.

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