Atlas Salt Inc V.SALT

Alternate Symbol(s): REMRF

Metals & Mining Industrial Metals & Minerals

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

Atlas Salt Inc > NPV

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Comment by Canticleon Aug 30, 2022 11:37am

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Post# 34929696

RE:RE:RE:RE:RE:NPV

Laruch12 wrote:
this is not speculative. The salt is there.

It's speculative until the salt is being pulled out of the ground. There is no mine, no buyer, no cash flow. It's speculative until there is.

There's plenty of resources that are there that nobody is accessing. Plenty of companies with resources that are there that for one reason or another they can't access.

Any company that isn't producing something is speculative. Whether it's highly likely to become a producer or not is where the risk factor comes in.

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