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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 twopondson Dec 20, 2022 2:19pm
206 Views
Post# 35182769

RE:RE:RE:RE:RE:RE:SALT - Plenty of Upside

RE:RE:RE:RE:RE:RE:SALT - Plenty of Upside
Liked2Think wrote:

Zephyr wrote:
nedstar71 wrote:
Scionxb777 wrote: Why would you want a bidding war for GA ? Fully built mine has greatest value 

A bidding war would be great.  Take the money and run as Steve Miller used to sing.  Nobody should want to suffer through the potential dilution or headaches and risk that would be required to get this into production years down the road.


Exactly. The only way that this goes into final production by Atlas is if fair value as an asset cannot be gained from potential suitors (bidding war or not).

I'm sure Atlas will forge ahead with the beginning stages as if it was going to develop. However, I suspect someone will intervene to take the asset off Atlas' hands before that process gets too far down the road.

 

exactly. A buyout is what everyone should want. 

if atlas ends up having to take this to production then the share price will tank and they will float an insane amount of shares to come up with the money to do so. 

It will also take years to do and you will never make what you could had of made if it was bought out
 


...you still "trying2think"?!   Give it up man...if TPR get's bought out they'll have tons of money to finance, in an epidited way, the GA mine.  The share price will not tank...period.  Once the PEA and FS are complete it's game on here.  You cannot see beyond daily fluctuations in share price so carry on in yo momma's basement and pretend you don't exist...for the rest of us at least. Please lol!
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