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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 twaveron Aug 01, 2022 2:26am
178 Views
Post# 34863713

RE:RE:Donwaan

RE:RE:DonwaanI don't agree with the Crunch's extreme share price predictions. But I do think $6 is considerably low. I do believe that years 15-30 will affect the buyout price. After all, $1 million 15 years from now still has considerable present value. Beyond thirty years out, probably very little impact. Cruchy does make some good points on the perils of over-reacting to current fads in scientific circles. They have been wrong many times. And nobody says winters will go away in any of our lifetimes. In fact, where I live if the winters warm up a few degrees, the roads will likely require more salt. Hell, salt doesn't even work when the temps are way below freezing, as they often are in January and February in Wisconsin. This will probably ramp up to around ten million tons per year over several years, meaning annual cash flow could be around $300 million. I would think several times that would be appropriate in a buyout. So maybe $9 to $15 per share. Upside from there is certainly possible. But anything over $25 would surprise the hell out of me (pleasantly). I plan to hold for the buyout, which will likely be the highest price. 
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