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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 Canticleon Aug 24, 2022 4:14pm
106 Views
Post# 34918044

RE:RE:RE:RE:SALT on the MSN home page feed...

RE:RE:RE:RE:SALT on the MSN home page feed...

I think he's referring to the valuation of the hydrogen market being $11 trillion and salt dome storage being a part of that as being part of a long line of pie in the sky projections of future demand markets, and he's not wrong.

Saying Hydrogen will be an $11 trillion dollar market 8 years from now is wishful thinking. It might happen, it might not, but no one can actually say, just like they couldn't say with the legal cannabis market (those projections fizzled big time as well).

Not to say the market isn't real or that demand won't create winners, but a lot of estimates in nascent markets are little more than barely educated guesses buouyed by hopes and dreams.

As for September 21st and a fizzle...well, Triple Point is only going to hit a home run if the Hydrogen Hub happens, and there is opposition to World Energy Gh2s plans for Port au Port and the wind farm there from the locals, as well as the necessity of passing environmental reviews which aren't 100% guaranteed. So it's a speculative play that will either win or lose based on multiple factors. Atlas Salt and Vulcan are going to benefit or lose based on how that goes, same with all other Triple Point Shareholders, but it's neither going to be a sure thing nor a rapid ascent to the stratosphere.

I don't know that it's going to fizzle, but no one is going to walk away from Atlas Salt with a value of $67 a share.

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