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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 twopondson May 14, 2022 6:52pm
133 Views
Post# 34684375

RE:RE:New video released

RE:RE:New video released...and I do know first hand that advantage.  Shaft versus ramp.  Once you sink a shaft the ball game changes beyond belief.  The cost savings and the safety regs and procedures all change...immensely.  Most have NO idea how much of an advantage that means. Governments, and many times rightly so,  regulate to death, (no pun intended) shaft safety procedures.  Been there done that first hand.  Rowly knows what I'm referencing no doubt whatsoever!  Once you incorporte "hoisting" via a shaft into the equation look out.  Atlas eliminates and I mean just that, will eliminate the need for any hoisting and shaft requirements.  Hands down cheap product and safety plus great production numbers will be the result and should percolate into the pockets of all invested here.  
Those that discount your numbers for SP on your previous posts as for a possible buyout really don't understand the economics of this particular and very necessary market niche.  They can however use accounting 101 to attempt a prediction but imho, and only this time, does not apply.  Only time will tell, and there are many mitigating factors we, as investors, cannot predict at this time.  All we can do is predict a best case scenario, but based on this particular resource it will make many weathier than they are today.  
Go back to previous PR here:Clean Energy – Atlas Salt Inc.
T
he record date to the spinco share distribution was "going to be determined".  We now have a "record date" that we are not privy to the directive, but if I was a bettin' man I'd say that would be in the equation at the July 6th meeting as they set "a record date" of June 3rd.  Again, "to be a fly on the wall" in that boardroom!
Hang tight folks...the odds this time swing to the investor imho fwiw...are we having fun yet?!
...two
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