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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 MoneyKon Oct 15, 2022 10:28am
168 Views
Post# 35026604

RE:RE:RE:LIKED2THINK

RE:RE:RE:LIKED2THINK Fair value for an operating Salt mine seems to be 12.5x the EBITDA. If the market for Salt is 7-10M tons and growing, thats the production objective in my opinion. Assuming $50 of gross margin per ton, that could eventually value this company, once in production and at full steam, between 4.5B & 6.25B. The question is how many years would it take to get at 10M tons? If we get 25% to 50% of the above figures for a pre production project in the next 6 months, I'll be more than happy. IMO. MoneyK
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