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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 Copperking102on Aug 06, 2022 8:02pm
192 Views
Post# 34876714

RE:RE:Snow Magazine article re: Great Atlantic

RE:RE:Snow Magazine article re: Great Atlantic I think what a lot of people are missing here when they do comparisons to other existing operations is the " off-site" expense that the operation incurs.By that I mean the cost and expense of the distribution properties that they must maintain.For instance, if you were to win the New Jersey award, the rules are you must supply approx 90-100 holding stations with maybe upwards 200 tons of salt within 24-48 hours of a storm call. If you fail to deliver, the state has the right to source their needs from wherever they can get it at any price and charge you back accordingly. Nice....To counter that, providers need to have scattered drop points/storage yards all loaded and ready to roll with contracts in place with dump truck operators who at a moments notice will begin to make their runs to the city and county drop spots. All this cost money, land...people....equiptment etc. My point is that it's not a computation of well we're going to dig up and sell 2 million tons @X $$ thus our profit will be Y$$. There are lots of continuing expenses in this business which I'm sure will be highlighted in the coming feasibility reports.
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