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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

Post by Jethro980on Jul 25, 2022 12:10am
387 Views
Post# 34847181

If a buyout it would be before spinout.

If a buyout it would be before spinout. I think that any buyout, if in the cards, for Atlas would certainly happen before spinout. Buyer will want it all and value re domes would be very little now in package deal.  My best guess based on everything so far is a buyout possibilty is a 40 percent probabilty with price for all in $13.00 to $16.00 range.   This said I think it is a 60 percent probabilty that Atlas will have to develop this resource (the salt) mine themselves. If so this will trade at  $30.00 per share in 5 years.    As to the Domes I think they are in the wrong jurisdiction, just not enough market in the area as any hydrogen development will just be produced and shipped out.   
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