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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 > i will leave this right here
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Comment by Zephyron Sep 11, 2022 3:43pm
95 Views
Post# 34955301

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

RE:RE:RE:RE:RE:RE:RE:RE:i will leave this right here
Zephyr wrote:
MoneyK wrote: 10M tons at $50 gross margin x12.5 could... one day... get us close to $76... LOL... ... but, I'll gladly take 25%-30% of that in 2022! MoneyK


Yes, this asset has great potential. However, to get to a valuation based upon an average of 10 million tonnes of production would take years. Unless a purchaser is exceptionally motivated, they are not going to shell out $ for an unproven ability for a valuation based upon 10 million tonnnes per annum. Hell, even if an operating mine for sale had averaged 5-6 million tonnnes per annum and a sale price was based on increasing to 10 million, there would likely be an earnout provision based upon the vendors ability to hit the new, unproven target. That's just how this stuff works. Only a highly motivated purchaser will pay top dollar for an asset. Do we have one in this case? Not sure but we will not know until after the FS is in the market for a little while.

For example. Compass Minerals is rumoured to be shopping its UK ops now since July 2002. Is this so that they can get away from salt and pay down some extra debt to focus on lithium? Or are they getting rid of the UK ops to focus on North America and take a run at Atlas in the near term? Who knows.


Lol...July 2022, not 2002

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