Atlas Salt Inc V.SALT

Alternate Symbol(s): REMRF

Building Materials Building Materials

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 > i will leave this right here

<< Previous

Bullboard Posts

Next >>

Comment by MoneyKon Sep 11, 2022 11:34am

145 Views

Post# 34955105

RE:RE:RE:RE:RE:i will leave this right here

I agree with you about this being a pre production mine, but from what it seems, getting it in production should be pretty quick, maybe 1 year once approved to build? Capex should also be very low, so almost negligeable in the equation? Lets imagine a conservative EBITDA... 4M tons at $50 gross margins.... thats a price tag of $2.5B CA when comparing with the K+S acquisition with LOTS of upside! IMO MoneyK

<< Previous

Bullboard Posts

Next >>

Eminent acquires promising Nevada gold project