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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 Crunchy2chewon Sep 09, 2022 6:16pm
82 Views
Post# 34953326

RE:RE:RE:RE:For clarity I say we do better as a company

RE:RE:RE:RE:For clarity I say we do better as a company very very simply 8 mil ton/year @ $80/ton = 640 million  sales (i expect over 10 mil ton/yr actually)

Rowland said a fraction of godridge production costs. Their costs were $44/ton, lets say 40% of that costs. So say $17/ton costs for Atlas.  $17 x 8mil = $136 mil expenses......

So about 500 mil in profit......cash cow.

And I do expect 10+ mil annual production.

Plus the wholesale cost of salt this season with the justinflation is a little over $90/ton right now

Also as rowland said they are looking into other markets such as consumer bagged salt.

Math is math.


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