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.

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Atlas Salt Inc > i will leave this right here

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Comment by Zephyron Sep 11, 2022 4:02pm

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Post# 34955316

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

MoneyK wrote: I fully agree with all your points. If GA is a fraction of Goderich to operate and salt sells for $80 per ton, I could see that gross margin happening. On a side, lets not forget that Kinross took GBR out for over $1B without even a Ressource Estimate. We never know what could happen. IMO MoneyK

I hear you. I'm not discounting that type of thing here and even my preliminary takeout range of $8-$12 falls right in that category. A $1 billion takeout equates to about $10.55 per share on a fully-diluted basis and right in the middle of my current range.

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