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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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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.


TSXV:SALT - Post by User

Atlas Salt Inc > Liked2think
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Comment by Canticleon Jul 05, 2022 9:34am
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Post# 34801405

RE:RE:Liked2think

RE:RE:Liked2think
Woth all due respect no one is going to pay over $5 billion for just the mine, not even in an absurdly stratospheric bidding war. Maybe WITH their other assets it might hit over $50 in a rabid bidding war but if someone wanted to pay $5.6 billion for Great Atlantic, they could just buy all of Compass Minerals at an almost 3x premium instead. The entire active portfolio of Compass Minerals doesn't even give them a market cap half of that value. Seriously, over $5 billion for just Great Atlantic Salt is absurd, no one is paying that.
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