RE:RE:RE:New prediction I've outlined my opinions elsewhere and why I think $50 is possible, but requires every single star to align, but I'm also mostly optimistic it will be a significant win for the following reasons:
1) Salt mining doesn't face huge environmental hurdles the way other mines do, especially this one. No toxic tailings, no major ground disturbances, no major processing. It's dig and ship for the most part.
2) Friendly jurisdiction. This isn't BC. Newfoundland and Labrador are eagerly seeking out resource development.
3) Aligns with Federal Government goals. The spinout of a company focused on clean energy. especially hydrogen, is in complete alignment with the current Federal Governments clean energy initiatives and could even attract subsidies or tax breaks on both the Provincial AND Federal levels.
I still see a $50 buyout as an ideal, stars aligning scenario (which would not dilute your initial investment, it's a buyout, you sell at the buyout price if you want that profit). However, so far the stars ARE aligning so I don't see it as entirely unrealistic either.