RE:RE:RE:RE:RE:This had me so hype watching this lol The limit is what you can reasonable expect to profit from on the mine itself, and those who research these things for a living as opposed to dreams of a quick payday aren't projecting anything close to $50 a share.
The mine is comparable to Goderich in terms of life cycle, cheaper production and cheaper shipping. So experts would give it a premium. Goderich produces 7.25 million tons a year, twice to three times what the initial projects are for Great Atlantic, but lets assume they ramp up to 7.25 million a year off the hop.
Compass Minerals IN ITS ENTIRETY (all of its assets, including Goderich, but also including their lithium and potash deposits is valued at $1.5 billion.
To hit your dream of $67 per share, Great Atlantic Salt on its own would have to be bought for $6 billion. Thats not happening. When K+S bought Morton Salt for $3.2 billion that was for the entire production chain, not just the mine, which has a lot of value attached to it. Stone Canyon has bought $5.2 billion in TOTAL of salt assets, Kissner was one of their bigger ones at $2 billion, and included far more in value than Great Atlantic represents.
The only way Atlas Salt hits $67 is if the spinout company realizes $2-3 billion value in addition to Atlas Salt hitting $2-3 billion in value. That might happen as a core clean energy hub company, but not without a lot of things going 100% right.
$12 is a more realistic target for Great Atlantic on its own, valuing the spinout is a fools game right now though it'll probably be a winner for shareholders long term.
And Great Atlantic is in no position to take over anything other than the foreign import market. North American salt demand in the US alone for road salt is 24 million tons, never mind all the other industrial uses. It's a great asset without a doubt and will disrupt the import market, but its a centerpiece asset as part of a whole, not anything that allows a company to corner the market.